Question

HELP ME PLEASE SHOW HOW TO SOLVE THIS THANKS

Jane takes out a simple interest loan for $2600 for one year. If she repaid $2795 at the end of the year, what was the interest rate on the loan? (HINT: Use A = P + Prt).

Answer 1

Answer: Your answer should be 7.5%

Step-by-step explanation: 2765-2600/2600 x 100% = 7.5%