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Please can you show me step by step on how did the answer arrive at 4.66%? I've got a different amount and I must have

Please can you show me step by step on how did the answer arrive at 4.66%? I've got a different amount and I must have calculated wrongly.

Question:

Annual interest rate, r = 0.2%

3 month interest rate: (1 + r)^1/4- 1 = 0.0466 (which is 4.66%).

Thank you.

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