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Ertugrul Bey who has been happily married to Halime Hatun for 23 years would love to buy Halime a diamond ring from Konya on their

Ertugrul Bey who has been happily married to Halime Hatun for 23 years would love to buy Halime a diamond ring from Konya on their 30th wedding anniversary. If diamond ring would cost PKR 12000 in seven years and Ertugrul Bey has PKR 4,511 to invest, then what annual rate of return must Ertugrul Bey earn on his investment to accumulate enough money to purchase this ring from Konya.

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