Simple interest = $769
Principal = $6000
Rate = ?
Time = 10 months (must convert to years if in months) = 10/12 = 0.833
Formula
I = prt
Substitute
769 = 6000 × r × 0.833
769 = 4998r
Divide both sides by 4998
769/4998 = 4998r/4998
0.15386 = r
(to the nearest tenth of a percent) = 0.15
Therefore, your rate is 0.15%.
Let's turn these into decimals.
so, 10.
0.75
0.50=1/2
0.40
0.20=1/5
In order from least to greatest, these would be:
0.2, 0.4, 0.5, 0.75, 10
