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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?

Respuesta :

janiceminjaofficial

Answer:

$40781250

Step-by-step 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

iivibxsii

If you have the multiple choice answers:

A. $160

B. $200

C. $1600

D. $16,000

the answer is C. $1600

here's why:

The principal is $10,000, the interest rate is 2%, and the time is 8 years.

I = Prt

 = $10,000 · 2% ⋅ 8

 = 10,000 ⋅ 0.02 ⋅ 8

 =         1600

So, the interest earned is $1600.

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