Question 811122: Kara borrowed $1500 for 5 years. She Paid $435 in interest. What is the interest rate
Found 2 solutions by ortarico, MathTherapy:
Answer by ortarico(23)   (Show Source):
You can put this solution on YOUR website! Principal = $1,500
Interest = $435
Time = 5yrs
Rate = ?
R = 100I/PT
r = (100 x 435)/(1500 x 5)
r = 43500/7500
r = 6 1/7% or 6.14%
Answer by MathTherapy(10552)  (Show Source):
You can put this solution on YOUR website!
Kara borrowed $1500 for 5 years. She Paid $435 in interest. What is the interest rate
Simple interest rate:  %
You can do the check!!
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