题目内容：

a certain money market account that had a balance of 48000 during all of last month earned 360 in interest for month.at what simple annul interest rate did the account earn interest last month?

优质解答

360/48000*12=9% per year
and may I know which accounting principle you are learning,GAAP or IAS,for generally speaking it is rare to classify money account or capital account when comes to interest,for the annual interest rate is the same