If Katy takes out a discounted loan from the bank for $500 for 7 months, but only receives $460 into her bank account, what's the simple interest rate? Give your answer as a percentage to the nearest hundredth of a percent.

the law of definite proportions states samples of a compound will always contain the same proportion of elements by mass. in other words, a given compound will always contain the same elements in the same proportions by mass.the law of multiple proportions states when two elements combine with each other to form more than one compound, then the weights of one element that combine with a fixed weight of the other are in a ratio of small whole numbers.

The answer to the question is 5.27