Calculate the simple interest rate. (Round your answer to one decimal place.) P = $7600, I = $690, t = 1 year

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Calculate the simple interest rate. (Round your answer to one decimal place.)

P = $7600, I = $690, t = 1 year
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