Asked by Tee
Compute the rate for the following loan. Round your answer to the nearest tenth of a percent. Principal $50,000 Rate (%) Time 9 months Interest $4,500
Answers
Answered by
Ms. Sue
I = PRT
4,500 = 50,000 * R * 0.75
Solve for R
4,500 = 50,000 * R * 0.75
Solve for R
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