MM255 Business Math and Statistical Measures Amber Burrough & | 03/12 Homework: Unit 3 Lab MML Graded Practice Score: 0 of 1 pt 8 of 20 (6 complete) 11.1.16 HW Score: 10 Questi Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of 56,600. What was the interest rate? The interest rate on the loan was (type an integer or decimal rounded to two decimal places as needed Enter your answer in the answer box and then click Check Answer All parts showing Check Answer Reflectin e Portfolio YOU ARE THE BEST MOM