Luke borrowed 15000 to pay his college tuition after he graduates he will repay the loan along with simple interest after 2 years luke will owe a total of 17250 what is the simplest interest rate on lukes loan

7.5%

Step-by-step explanation:

Given: Principal amount = $15,000

Time =- 2 years

Final Amount (Principal + interest)= $17,250

Interest = Final Amount - Principal amount

= $ ( 17250 - 15000  )

= $ 2250

Formula for interest : principal x rate x time

Hence, the simplest interest rate on lukes loan =7.5%

answer: do we write it

step-by-step explanation:

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.