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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 %.

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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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 %.

User The Lazy DBA
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1 Answer

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