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Mahesh borrowed $ 7 , 6 1 5 from Becky. He signed a contract agreeing to pay it back 9 months later with 5 .

Mahesh borrowed $7,615 from Becky. He signed a contract agreeing to pay it back 9 months later with 5.95% simple interest.After 2 months, Becky sold the contract to Stan at a price that would earn Stan 5.00% simple interest per annum.Calculate the simple interest rate that Becky earned during the period that she held the contract.Express your answer as a percentage rate rounded to 2 decimal places but don't include the % sign.Your Answer:

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