Answer:
2%
Step-by-step explanation:
Solving our equation
r = 84 / ( 600 × 7 ) = 0.02
r = 0.02
converting r decimal to a percentage
R = 0.02 * 100 = 2%/year
The interest rate required to
accumulate simple interest of $ 84.00
from a principal of $ 600.00
over 7 years is 2% per year.
