Asked by valerie
interest is $1104, principal is $4600, and time is 4 yrs. What is rate?
Answers
Answered by
Reiny
Same as before
I = PRT
R = I/(RT)
= 1104/(4600(4)) = .06 or 6%
I = PRT
R = I/(RT)
= 1104/(4600(4)) = .06 or 6%
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