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You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate

You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate
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You deposit a $100 in an account the account earns $2 simple interest in 6 months what is the annual interest rate

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User Necklondon
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1 Answer

3 votes

Answer:

The annual interest rate for the given condition is 4%

Explanation:

answered
User David Suarez
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