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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 %.

asked
User The Lazy DBA
by
8.7k points

1 Answer

4 votes
4% duh because ne year is 12 months and you get 2% every six months
answered
User Dslh
by
7.8k points
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