Henry takes out a $650 discounted loan with a simple interest rate of 12% for a period of 7 months. What is the effective interest rate? Give your answer as a percentage to the nearest percent.

Fifty students are trying to raise at least 12,500 for a class trip. they have already raised 1,250. how much should each student raise on average in order to meet the goal? write and solve the two step inequality for this problem