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Rafaelopensasavingsaccountwithadepositof$ 1 , 5 0 0 . Hedeposits$ 5 0 0 one year later and $ 1 , 0 0 0 a year after that.

Rafaelopensasavingsaccountwithadepositof$1,500.Hedeposits$500one year later and $1,000 a year after that. Just after Rafaels deposit of $1,000, the balance in his account is $3,078. Find the annual effective interest rate governing the account

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