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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?

You put $100 in an account. The account earns $2 simple interest in 6 months. What is the annual interest rate?
asked 37.0k views
2 votes
You put $100 in an account. The account earns $2 simple interest in 6 months. What is the annual interest rate?

asked
User ArturM
by
7.9k points

1 Answer

1 vote
it should be around 4%
answered
User Wiktor Kozlik
by
8.9k points
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