Rachel deposited $6,004 in a savings account with simple interest. Three months later, she had earned $210.14 in interest. What was the interest rate?
I = PRT
210.14 = 6,004 * R * 0.25
210.14 = 1,501R
210.14/1,501 = R
0.14 = 14% = R
210.14 = 6,004 * R * 0.25
210.14 = 1,501R
210.14/1,501 = R
0.14 = 14% = R