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TEA [102]
3 years ago
13

The principal p is borrowed and the​ loan's future value a at time t is given. determine the​ loan's simple interest rate r to t

he nearest tenth of a percent. p​ = ​$3900.00​, a​ = ​$4148.63​, t​ = 9 months
Mathematics
1 answer:
geniusboy [140]3 years ago
6 0
<span>150=2000r
:
r=.075
:
.075(100)=7.5%</span>
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