Jenna borrowed $5,000 for 3 years and had to pay 1,350 simple interest at the end of the time what rate of interest did she pay 

To find the rate of interest that Jenna paid, we use the formula for simple interest:

\[
\text{Simple Interest (SI)} = P \times

Jenna borrowed $5,000 for 3 years and had to pay 1,350 simple interest at the end of the time. What rate of interest did she pay?

Learn how to calculate the rate of interest paid on a loan using the simple interest formula. This example involves Jenna borrowing $5,000 for 3 years and paying $1,350 in interest. Detailed step-by-step solution suitable for high school students.

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