Question

PLEASE

The simple interest formula is ​I=Prt​, where I is the interest, P is the principal, r is the interest rate, and t is the time.

What is the interest rate if the principal is $25,000, the interest is $10,875, and the time is 15 years?

Answer 1

$40781250

Explanation:

Okay so the formula for simple interest is: I = P x T x R divided by 100

25000 x 10875 x 15 = 4078125000 / 100 = $40781250