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jean loans Bernie $1500. Bernie agrees to pay jean an extra $225 when he repays the loan in one year . What is annual simple interest rate of the loan?

2 Answers

1 vote
it’s d just did it on edjenuity and got a 77 percent
User Hugsbrugs
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Answer:15%

Step-by-step explanation:To calculate the simple interest rate, Bernie must use the formula 'Rate = Interest / (Principal × Time)'. After substituting the values into this formula, the simple interest rate is calculated as 15%.

User MrHopko
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