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Mr. ABC deposited P500,000 on February 8, 2012. If his investment amounted to P550,000 on August 29, 2016 with no deposit made to the account

Mr. ABC deposited P500,000 on February 8, 2012. If his investment amounted to P550,000 on August 29, 2016 with no deposit made to the account over the period, what is the annual rate of return (in %, roundoff to 2 decimal places)?

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