Marika Deposited $2,100 on May 22

question 220

Short Answer

Marika deposited $2,100 on May 22. On September 10, she had $2,120.12. What simple interest rate per year did she earn?

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Definitions:

Standard Mileage Rate

A set rate per mile that taxpayers can use to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Vehicle Expenses

Costs incurred from the use of a vehicle for business purposes, including gas, repairs, and insurance, which may be deductible.

Leaders

Individuals who guide, influence, or command a group, organization, or country.

Managers

Individuals responsible for planning, organizing, leading, and controlling the work of a group of people to achieve specific goals efficiently and effectively.