Question 1155528
Don Glover borrowed $18,000 for 210 days and paid $702.80 in simple interest on the loan. What annual simple interest rate did Don paid on the loan? (Round your answer to the nearest hundredth of a percent)
<pre>PTR = SI
{{{matrix(1,3, "18,000"(210/360) * R, "=", 702.8)}}}
50(210) * R = 702.8
R, or {{{highlight_green(matrix(1,8, Rate, "=", 702.8/50(210), "=", "0.0669333333,", or, approximately, "6.69%"))}}}