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

Question

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] · Answer 1 · 2022-03-06T17:46:22+03:00

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: