We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
3985=2788*(1+r/100)^5
(3985/2788)^(1/5)=(1+r/100)
(1+r/100)=1.0741
r=1.0741-1
=7.41%(Approx).
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