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You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate

You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate
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You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate

User Necklondon
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3 votes

Answer:

The annual interest rate for the given condition is 4%

Explanation:

User David Suarez
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