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An investment fund has a value of 5000 at the beginning. A withdrawal of 2000 was made at the end of two months. A deposit
An investment fund has a value of 5000 at the beginning. A withdrawal of 2000 was made at the end of two months. A deposit of 1000 was made at the end of six months and a withdrawal of 700 was made at the end of 11 months. The balance at the end of the year is 4900. Find the rate of interest earned by the fund assuming simple interest during the year. ($ weighted)
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