You put $28 in an account. The account earns $0.21 simple interest in 6 months. What is the annual interest rate?

asked Jan 12, 2023 154k views

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4 votes

Answer:

The account had an initial balance of $2,500 and compounds yearly at an annual interest rate of 2.1%.

Explanation:

Oleg Chirukhin answered Jan 16, 2023

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