Register
You deposit 100$ into an account. The account ears $2 simple interest in 6 months. What is the annual interest rate?
54.1k views
3 votes
You deposit 100$ into an account. The account ears $2 simple interest in 6 months. What is the annual interest rate?

User Robber Pen
by
7.8k points

1 Answer

6 votes

Answer: 4%

Explanation:

$2 in 6 months = $4 in 1 year

4/100 = 0.04 = 4%

User Hgascon
by
8.1k points
← Prev Question Next Question →

Related questions

User Ruxi
asked Apr 18, 2024 109k views
You make 100$ doing 10 hours of yard work. find the unit rate in dollars per one hour
Ruxi asked Apr 18, 2024
by Ruxi
7.8k points
1 answer
2 votes
109k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Please solve the following equation. x-6x=56
Link Copied!