The balance sheets at the end of each of the first two years of operations indicate the following: 
If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ?
Definitions:
Interest Rate
The percentage at which interest is charged or paid on a loan or investment over a specific period of time.
Equal Payments
Regular payments of the same amount, typically in the context of loan repayments or financial agreements.
Interest Rate
The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
No Interest
A financial condition where no additional money is charged beyond the principal amount borrowed or no profit is earned on an investment over time.
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