4. Mr. Ramos invests $600 at a simple interest rate of 6%. How much interest will he earn in one year?
1 answer:
Answer:
$36 if it's an annual rate. If it's a monthly rate it's $432
Step-by-step explanation:
Since it's such a high interest rate to pay, I think the logical rate would be annually because that's a lot of money for a bank to give
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