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Pei's savings account balance is $12,000 today. Pei opened the account exactly 6 years ago with a $10,000 deposit. Pei has made no other deposits

Pei's savings account balance is $12,000 today. Pei opened the account exactly 6 years ago with a $10,000 deposit. Pei has made no other deposits or withdrawals. What annual interest rate (compounded annually) has the account earned?

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