Answer:
5%
Step-by-step explanation:
Solving our equation
r = 75 / ( 750 × 2 ) = 0.05
r = 0.05
converting r decimal to a percentage
R = 0.05 * 100 = 5%/year
The interest rate required to
accumulate simple interest of $ 75.00
from a principal of $ 750.00
over 2 years is 5% per year.
