Answer:
The interest rate is 7.5%
Step-by-step explanation:
You get the difference from the new number and the original. In this case, it is 30.96. I then divided the original by 30.96. The answer turned out to be .15. I doubled checked my answer by timing the original by .15 and adding it. But, I had to divide .15 by 2 so I could get the amount per year. So, it would be 7.5% per year of interest.
