What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? how would i figure this out?

I = PRT

2,500 = 10,000 * R * 5

2,500 = 50,000 * R

2,500 / 50,000 = R

0.05 = R

The rate is 5%

To determine the simple interest rate, you need to use the formula for simple interest:

Simple Interest (I) = Principal (P) * Rate (R) * Time (T)

From the given information, we know:
Principal (P) = $10,000
Interest (I) = $2,500
Time (T) = 5 years

Let's substitute these values into the formula:

$2,500 = $10,000 * R * 5

Now, let's simplify the equation and solve for the rate (R):

Divide both sides of the equation by $50,000 (10,000 * 5):

$2,500 / $50,000 = R

0.05 = R

To express R as a percentage, multiply it by 100:

R = 0.05 * 100

R = 5

Therefore, Susan would need to secure a simple interest rate of 5% to make $2,500 in interest on a $10,000 principal over 5 years.