Simple interest is represented by the expression:
[tex]\begin{gathered} I=p\cdot r\cdot t \\ I=\text{interest earned after t years} \\ p=\text{ money borrowed} \\ r=\text{annual rate of interest} \\ t=\text{ the length of time you borrow} \end{gathered}[/tex]Understanding this expression, we can substitute our values:
[tex]750=6,000\cdot r\cdot2.5[/tex]Isolating our variable of interest (r):
[tex]\begin{gathered} r=\frac{750}{6,000\cdot2.5} \\ r=0.05 \end{gathered}[/tex]The interest rate is 0.05 or 5%