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Question $1$

Lisa invested $$25,000$ in government bonds. After $12$ years, her investment is

worth $$64,000.$ The annual rate of return is closest to:

$8\mathrm{.}00\%$

$9\mathrm{.}50\%$

$8\mathrm{.}50\%$

$9\mathrm{.}00\%$