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

asked Aug 14, 2018 62.3k views

3 votes

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

The annual interest rate is %.

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4 votes

4% duh because ne year is 12 months and you get 2% every six months

Dslh answered Aug 20, 2018

by Dslh

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