Q. You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate

  • (A) 12%
  • (B) 8%
  • (C) 11%
  • (D) 6%
βœ… Correct Answer: (D) 6%

You must be Logged in to update hint/solution

πŸ’¬ Discussion


πŸ“Š Question Analytics

πŸ‘οΈ
994
Total Visits
πŸ“½οΈ
5 y ago
Published
πŸŽ–οΈ
Mr. Dubey
Publisher
πŸ“ˆ
97%
Success Rate