# You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate? with Answer - Maths Mcqs | TestPrep

> Solved MCQ: You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate Correct Answer: A. 6%. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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

Direct Answer & Quick Reference

The correct option is **A. 6%**.

A. 6% **(Correct Answer)**

B. 5%

C. 7%

D. 8%

✨ Explain with AI

Verified Key: A. 6%
Solved by 2,894+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/you-deposit-600-into-a-6-month-certificate-of-deposit-after-6-months-the-balance-b6dcae76-208b-453e-adf0-ee04e369b888*
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