A person collected $700 on a loan of $600 they made 5 years ago. If the person charged simple interest, what was the rate of interest? The interest rate is %. (Type an integer or decimal rounded to the nearest hundredth as needed.)

Rate= 3 1/3%

Or Rate= 3.33%

Step-by-step explanation:

Final amount collected= $700

Initial amount given out= $600

Interest made= Final amount - initial amount

Interest made= $700-$600

Interest made= $100

Type of interest rate = simple

Number of years = 5

PRT/100= interest

R=(100*interest)/(PT)

R= (100*100)/(600*5)

R= 10000/3000

R= 10/3

R= 3 1/3%

Or R= 3.33%

option 1 is correct.

step-by-step explanation:

y varies inversely with x and constant of variation is 4

the equation will be:

y = k/x

where k =4 so,

y = 4/x

if we put values of x of option 1 in the above equation and find values of y

y = 4/-2 => y =-2

y = 4/-1 => y = -4

y = 4/1 => y = 4

y = 4/2 => y =2

so, all the values of x and y are correct.

if we put values of x given in other options and find value of y we cannot find whole table satisfying the equation.

hence option 1 is correct.

0 is its x and y coordinate