Question

Rachel deposited $6,004 in a savings account with simple interest. Three months later, she had earned $210.14 in interest. What was the interest rate?
Ms. Sue
I = PRT

210.14 = 6,004 * R * 0.25

210.14 = 1,501R

210.14/1,501 = R

0.14 = 14% = R