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An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 5 years the stock was sold for $25,000.
An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 5 years the stock was sold for $25,000. What was the rate of return on the investment?
Answer: 38%
calculate using interest table
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