Solve the problem.
-A certificate of deposit pays $\$ 1866.75$ in simple interest for $1 \mathrm{yr}$ on a principal on $\$ 28,500$. What is the rate of interest?
A) $6.6 \%$
B) $6.5 \%$
C) $6.55 \%$
D) $7.55 \%$

Question

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The Answer of Solve the problem.
-A certificate of deposit pays $\$ 1866.75$ in simple interest for $1 \mathrm{yr}$ on a principal on $\$ 28,500$. What is the rate of interest?
A) $6.6 \%$
B) $6.5 \%$
C) $6.55 \%$
D) $7.55 \%$

Solve the Problem $1866.75\$ 1866.75$1866.75 In Simple Interest For 1yr1 \mathrm{yr}1yr On a Principal On

Solve the Problem $\$ 1866.75$ In Simple Interest For $1 \mathrm{yr}$ On a Principal On