Question: There is $ 1 0 0 at time 0 , using the annual simple interest rate, you will have $ 1 0 8 after two

There is $100 at time 0, using the annual simple interest
rate, you will have $108 after two year.
1. the annual simple interest rate?
2. How much interest you will earn in year 4,5?
3. What is the effective rate of interest in year 1? What is
the effective rate of interest in year 4?

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