Ed stein paid $40.00 interes tonaloan
of $2,000 for 3 months
what's the rate of interest hepaid?

The rate of interest paid on the principal amount is 8%.

Step-by-step explanation:

Here, Principal Amount = $2,000

Time = 3 months = (3/ 12 ) Years = 0.25 years

Rate = R

Interest Amount  = $40

Now, as we know :

Simple Interest  =

⇒

or, R = 8%

Hence, the rate of interest paid is 8%.

what is the information provided?

step-by-step explanation:

2 1/2 feet

step-by-step explanation: