3. You are charged $120 in simple interest on a 9-month loan of $5000. Find the annual simple interest rates) Incorrect Solution: Explanation of Error(s): Correct Work and Solution: I=Prt 120 - Sooo..9 120 = 45000 US000 45000 r -0.00267 4. le 2010, a house was worth $169,000. In 2020, the same house was worth $225,000. What is the percent increase in the value of the house, rounded to the nearest tenth of a percent. (5) Incorrect Solution Explanation of Error(s): Correct Work and Solutions 22scoo -169000 56.000 156% increase