Question #23369

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

A) 6%

B) 5%

C) 7%

D) 8%

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

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