Problem

At the beginning of the year, $3500 was deposited in a savings account. One year later, $4...

At the beginning of the year, $3500 was deposited in a savings account. One year later, $4000 was deposited in another account. The interest rate was the same for both accounts. At the end of the second year, there was a total of $8518.35 in the accounts. What was the annual interest rate?

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