Question

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Answer 1

Answer:

In the attachment.. Hope it's helpful..

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So here's the 14th sum:

31,250 (1 + R/100) ^(2(3/2)) = 35,152

(1 + R/100)^3 = 35152 / 31250 = 17576 / 15625 = 26^3 / 25^3

1 + R/100 = 26/25

R/100 = 1/25

R = 4%