Answer:
0.01 %
Explanation:
The interest rate is the percentage of the principal (the amount borrowed) that is charged as interest over a certain period of time.
To find the interest rate, we can use the formula:
Interest Rate = Interest / Principal x Number of days / 365
We know that the principal is 600$, the interest is 14.25$ and the number of days is 90
so we can substitute the values into the formula:
Interest Rate = 14.25 / 600 x 90 / 365
Interest Rate = 0.02375 * 90 / 365
Interest Rate = 0.0104
Rounded to the nearest thousandth, the interest rate is 0.010 or 0.01 %