Jasmine borrowed $15,000 for 8 years and she paid $6,600 in interest. what was the interest rate for jasmine's loan?

5.5%

Step-by-step explanation:

To find the interest rate, use the equation:  I = prt

I = Interest = $6,600

p = principal = $15,000

r = rate = unknown

t = time = 8 years

Now plug the numbers into the equation.

6,600 = 15,000 * r * 8

6,600 = 120,000 * r

Now isolate the variable by dividing both sides of the equation by 120,000.

0.055 = r

Now change the rate to a percent by moving the decimal point 2 digits to the right.

5.5% = r   OR   r = 5.5%

step-by-step explanation:

points a and b are equidistant from the desired line, so the line you find by using them will go through point r.

using points other than a and b will give the desired line only if they are equidistant from r. if they are randomly located, the perpendicular line you create will not necessarily go through point r, hence will not be a solution to the problem.