You deposit $2,000 in an account that earns simple interest. after 6 months the account earns $210 in interest. what is the annual rate

Question

asked Oct 19, 2021 169k views

1 Answer

Shloime · Answer 1 · 2021-10-24T17:04:24+0000

Answer:

21%

Explanation:

210 is 10.5% of the amount that is for 6 months doubling it will make it 420 that is 21% of the total amount of 2000.