jayrus7439 jayrus7439

10-01-2022
Mathematics

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Mrs. Landry bought a house for 35000 in 1975 she sold the house for 161000 in 2005. Find the simple interest rate for the value of the house

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abidemiokin abidemiokin

24-01-2022

The simple interest rate for the value of the house is 360%

Simple interest rate

The formula for calculating the interest is expressed as:

Interest = 161000-35000/35000 * 100%

Interest = 126,000/35000 * 100%

Interest = 3.6 * 100

Interest = 360 %

Hence the simple interest rate for the value of the house is 360%

Learn more on simple interest here: https://brainly.com/question/25793394

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