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zhenek [66]
3 years ago
15

Suppose a creditor offers you an agreement where the infest accrues as follows: I=Prt, where I is interest owed ($), P is the am

ount borrowed, r is the yearly interest rate (%) , and t is time (years). What is the mathematical relationship between I and r? Between I and t? If you’re the borrower , why are these relationships important to you ?
Mathematics
1 answer:
maksim [4K]3 years ago
5 0

Answer:

They are important becasue that decides how much money that you would pay on top of the borrowed ammount.

Step-by-step explanation:


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