can some one explain how to get the answer to this : the record for the most amount of rain in the shortest periodontal time in
1 answer:
You might be interested in
Answer: 13%
Step-by-step explanation:
We know that the formula to find the simple interest :
, where P is the principal amount , r is rate (in decimal )and t is the time period (in years).
Given : Albert borrowed $19,100 for 4 years. The simple interest is $9932.00. Find the rate.
i.e. P = $19,100 and t= 4 years and I = $9932.00
Now, Substitute all the values in the formula , we get
In percent,
Hence, the rate of interest = 13%