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If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?

If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?
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If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?

User Bilal Usean
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If its $360 in 2 yrs, then it would be $180 in 1 yr, which $180 is 6% of $3000
User Maurizio
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The interest rate is 6% 360/300 = .12 for 2 years get rid of half of that .06
User Jesse Seger
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