Respuesta :

qop

Answer:

4%

Step-by-step explanation:

To solve this problem we can use a modified version of the simple interest formula which is shown below:

[tex]r=\frac{I}{Pt}[/tex]

I = interest amount

P = principal amount

t = time (years)

Lets plug in the values:

[tex]r=\frac{480}{(6,000)(2)}[/tex]

[tex]r=0.04[/tex]

The last step is to convert 0.04 into a percent:

0.04(100) = 4

The interest rate is 4%.