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You deposited $1000 five years ago in your bank account, and today's balance is $1500. Find out the annual interest rate your bank account offers.

You deposited $1000 five years ago in your bank account, and today's balance is $1500.

Find out the annual interest rate your bank account offers.

Group of answer choices

8.45%

50%

10%

12.34%

18.45%

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