A rectangle's length is 6 units greater than its width. Write an equation expressing the rectangle's area, A, as a function of w
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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
therefore
<u>the answer is</u>
the rate of interest is