Answer :
15%?
Its 15 because it just is because I am big brain.
Its the thingy because 5 and 5 and another 5 plus 1500 = 15%
No idea how I came up with 15%
Answer:
6%
Step-by-step explanation:
Simple interest: A = P(1 + rt)
Solve for r: r = (1/t)((A/P) - 1)
Given:
A = $1500 + $5000 = $6500
P = $5000
t = 5 yrs
r = (1/5)((6500/5000) - 1)
= (1/5)(0.3)
= 0.06
0.06 = 6%