The simple interest formula is A = P(1 + r)t where P represents the amount originally deposited, r is the interest rate, and…
The simple interest formula is A = P(1 + r)t where P represents the amount originally deposited, r is the interest rate, and A is the amount in the account after t years.
Find r if A = 2[c]00, P = 2[a]00 and t = 5. (Note: if [c] = 7, then 2[c]00 = 2700)
Express r as a percentage to one decimal place (x.x%).
Please show me all the work as well.
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