a sales person was starting a business and giving everyone that worked there a salary of 50000 for the first 6 years and giving them 65000 after 12 years. what would the interest rate for each year?
Answers:
A) 7%	B) 10%	C) 15%	D) 25%	E) 20%
for 6 years = (65000 - 50000 )= 
<gadget id="calculator">(65000 - 50000 )</gadget>
<output>15_000</output>
15000.   for 12 years= (15000x6)/6= 15000   Principal = (50000 - 15000)= 
<gadget id="calculator">(50000 - 15000)</gadget>
<output>35_000</output>
35000.   Hence, rate= (100 x 15000)/(35000x6) = 7% 7%NSWER: 7%
<result>A</result>
a sales person was starting a business and giving everyone that worked there a salary of 50000 for the first 6 years and giving them 65000 after 12 years. what would the interest rate for each year?