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You decided to open a savings account in a bank. The bank says that to open an account, you are to initially deposit an amount

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You decided to open a savings account in a bank. The bank says that to open an account, you are to initially deposit an amount of at least P 10,000 which you did. After 2 years of depositing the amount of P10,000, you checked you account and saw that it is now P 11,000. How much is the bank's annual interest rate

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