Mahesh borrowed $6,970 from Becky. She signed a contract agreeing to pay it back 9 months later at 6.05% simple interest. After 7 months, Becky sold the contract to Stan at a price that would earn Stan simple interest of 5.00% per year. Find the simple interest rate that Becky earned during the period that she had the contract.

Answer rating: 100% (QA)

To find the simple interest rate that Becky earned during the period she had the contract we can fol... View the full answer