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2. An investment fund provides the following information (amounts in million dollars): Date Balance before the financial transaction 30.06.2013 30.09.2013 31.12.2013 31.03.2014 30.06.2014 12,000

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2. An investment fund provides the following information (amounts in million dollars): Date Balance before the financial transaction 30.06.2013 30.09.2013 31.12.2013 31.03.2014 30.06.2014 12,000 11,000 15,000 13,000 X Financial transaction 3,000 -1,000 2,000 If the effective dollar weighted interest rate is 5% for the period from 30.06.2013 till 30.06.2014, find the effective time weighted interest rate for this period.

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