Please help me with this, I don't get it!
2 answers:
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Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest 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
convert to percentage (multiply by 100)
First set it up like this:
<span>then add a zero on to the 18 and a decimal point like this: </span>
then solve for 180/32 and add a decimal in the same location that it is in the 18.0 Hope this helps!
<span>then add a zero on to the 18 and a decimal point like this: </span>
then solve for 180/32 and add a decimal in the same location that it is in the 18.0 Hope this helps!