[Solved] Charles invested $ 2 0 5 , 0 0 0 to purch

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Charles invested $ 2 0 5 , 0 0 0 to purchase a home. After 1 5 years, she sold the home for $ 2

Charles invested $

205, 000

to purchase a home. After

15

years, she sold the home for $

260, 000 .

Calculate the effective interest rate earned on this investment.

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