OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Try It 10 · Algebra · Algebra word problems

Solve Simple Interest Applications · Try It 10

Hang borrowed $\$ \text{7},\text{500} $f r o mh er p a r e n t s t o p a y h er t u i t i o n . I n$ 5 $y e a r s, s h e p ai d t h e m$ $\text{1},\text{500} $in t er es t ina dd i t i o n t o t h e$ $\text{7},\text{500}$ she borrowed. What was the rate of interest?

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Try It 10

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