Question

Betsy borrowed $525 for a new foot stool. She made 6 monthly payments to repay the loan. She paid $35 interest. What is her simple interest rate?
35%
13.3%
6.7%
40%
20%

Answer 1

Answer:

40%

Step-by-step explanation:

to find a percent you would take the full sum (525) divided by the smaller number (35 times 6) which will get you 0.4 which is 40%