1. Deniz invests $$9,800$ in a deposit account; After $3$ years, its value is $$13,250.$ What is the rate of return on investment?$\mathrm{}$$\mathrm{}$

$$$$2. Derya deposits $$5,000$ into a bank account compounded quarterly. The yearly interest rate is $8\%.$ What is the value $($worth$)$ of the investment after $2$ years?

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1 To calculate the rate of return on investment we can use the formula for compound interest Future ... View the full answer