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Algebra

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Determining Interest Rate of Investment

ALGEBR-FE9GQM

You invest $\$10,000$ for $12$ years, compounding annually. At the end of the $12$ year period, your account has a cumulative total of $\$17,775$.

What was the rate you received on your investment?

A

$4\%$

B

$5\%$

C

$3\%$

D

$6\%$