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Anonymous Anonymous
  • 09-02-2017
  • Mathematics
Answered

You put $100 in an account. the account earns $2 simple interest in 6 months. What is the annual interest rate?

Verified Answer :

Dave1357
Dave1357 Dave1357
  • 09-02-2017

The annual interest rate will be $12 since

6 months * $2 = $12 annual interest rate

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