Look up Mathpapa.com
It can help with that no problem
Hi there :-)
The formula of the simple interest is
I=prt
your question ask to find r which is interest rate you do that by dividing each side by (pt) to get
R=I÷pt
Now solve to get the interest rate
R=562.5÷(1,500×5)
R=0.075×100 multiply by 100 to get it as percentage
R=7.5%
Hope it helps:-)
Answer:
C.
<em><u>hope this helps :)</u></em>
