April took out a $600 loan from the bank. At the end of 1 years, she pays back the principal, plus $12 simple interest. What was the interest rate?

The interest rate r = 0.02 or 2%

Step-by-step explanation:

Given

P = $600

I = $12

t = 1 year

To determine

Interest rate = r

Using the formula

I=Prt

r = I / Pt

substituting I = 12, P = 600, t = 1

r = (12) / (600 × 1)

r = 12/600

r = 0.02

Thus, the interest rate r = 0.02 or 2%

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )

95.03 is the answer. hope this !