Mrs. Landry bought a house for 35000 in 1975 she sold the house for 161000 in 2005. Find the simple interest rate for the value

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2 years ago

10

of the house

1 answer:

Nookie1986 [14] · Answer 1 · 2023-01-17T13:03:21+03:00

The simple interest rate for the value of the house is 360%

<h3>Simple interest rate</h3>

The formula for calculating the interest is expressed as:

Interest = 161000-35000/35000 * 100%

Interest = 126,000/35000 * 100%

Interest = 3.6 * 100

Hence the simple interest rate for the value of the house is 360%

Learn more on simple interest here: brainly.com/question/25793394