kathiewallentin24421 kathiewallentin24421

08-05-2021
Mathematics

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Item 8 You put $400 in an account. The account earns $18 simple interest in 9 months. What is the annual interest rate? The annual interest rate is %.

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drmallery drmallery

08-05-2021

Answer:

6%

Step-by-step explanation:

$18/9=$2 interest per month

$2 x 12 = $24 annual interest.

24/400=6%

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