Question 180128
If $1000 grew to $1250, then {{{1250 - 1000 = 250}}},
and $250 was earned in interest
{{{I = P*r*t}}}
given:
{{{I = 250}}}
{{{P = 1000}}}
{{{t = 2}}}yr
{{{250 = 1000*r*2}}}
{{{r = 250 / 2000}}}
{{{r = .125}}}
The rate is 12.5 %