If $1900 earned simple interest of $56.28 in 6 months, what was the simple interest rate? the simple interest rate is % (do not round until the final answer. then round to the nearest tenth as needed.)

5.9%.

Step-by-step explanation:

We are asked to find the simple interest rate for an amount of $1900 which earned simple interest of $56.28 in 6 months.

We will use simple interest formula to solve our given problem.

, where,

P = Principal amount,

r = Interest rate in decimal form,

t = Time in years.

6 months equals 1/2 (0.5) year.

Substituting given values:

Switch sides:

Convert in percentage:

Therefore, the simple interest rate is approximately 5.9%.

the k side

step-by-step explanation:

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