We use the formula
A=P(1+r/100)^n
Where A=future value
P=present value
R is rate of interest
N=time period
3988=2368*(1+r/100)^7
(3988/2368)^(1/7)=1+r/100
1+r/100=1.0773
R=(1.0773-1)*100
=7.73%(approx).
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