SOLUTION: what simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years?

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Question 657417: what simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

I+=+P%2Ar%2At   simple interest

 2500/10000 = 5r

  500/10000 = r = .05%