Question: Suppose that Kimberly invests $10,000, which grows at an effective rate of 8% for 3 years. For the next 2 years the investment grows at

Suppose that Kimberly invests $10,000, which grows at an effective rate of 8% for 3 years. For the next 2 years the investment grows at an effective rate of 11%, and then for the last 5 years it grows at only 5%. Taking the entire 10 years as a whole, what was the overall effective rate that she earned?

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