Add 5
y is found by adding 5 to x
12-8 is 4 and 3/4 is 75% if that is what youre asking but specify
Answer:
r=20%
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
solve for r
