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If $2,000 invested in a bank account for 5 years, compounded quarterly, amounts to $2,397.25, what is the annual interest rate paid by the account?
If $2,000 invested in a bank account for 5 years, compounded quarterly, amounts to $2,397.25, what is the annual interest rate paid by the account? Round your answer to four decimal places, after writing the rate as a percentage.
The annual interest rate paid by the account is %.
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