Asked by LaCresha
If the principal P = $900, the interest I = $819, and time t = 7 years, what is the rate?
Answers
Answered by
Ms. Sue
I = prt
819 = 900 * r * 7
819 = 6300r
819/6300 = r
0.13 = r
The rate is 13%.
819 = 900 * r * 7
819 = 6300r
819/6300 = r
0.13 = r
The rate is 13%.
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