Question

PLEASE HELP ALSO WILL GET THE BRAINIEST ANSWER!!!! ALSO SHOW YOUR WORK!!!!

Answer 1

I=PRT
I=Interest
P=principal
R=rate in decimal
T=time in years

1year=12months
72months/12months=6 years
t=6

given
I=8925
P=35000
R=r
T=6


8925=35000*r*6
8925=210000*r
divide both sides by 210000
0.0425=r

the interest rate is 4.25%

Answer 2

We know, Interest rate = P * R * T / 100

Here, Interest (I) = 8925
Principle rate (P) = 35,000
Time (T) = 72 months = 72/12 = 6 years
Rate (R) = ?

Substitute their values into the expression:
8925 = 35000 * R * 6 / 100
R = 8925 * 100 / 35000 * 6
R = 892500 / 210000
R = 4.25%

In short, Your Final Answer would be 4.25%

Hope this helps!