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Yau deposited $2,000 in his bank account twice: on 1st January 2015 and on 1st January 2017. There were no other deposits or withdrawals and

Yau deposited $2,000 in his bank account twice: on 1st January 2015 and on 1st January 2017. There were no other deposits or withdrawals and the amount of money in the account at the end of 31st December 2018 is $7,100. Assume interest is compounded annually. What is the effective rate of interest he earned each year?

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