3 years ago

In the formula I=P.r.t, what does r stand for?

Mathematics

2 answers:

muminat3 years ago

7 0

Answer:

a. Rate: the percent that interest is paid annually as a decimal

Step-by-step explanation:

Given the simple interest formula:

I=P*r*t

I refers to interest

P refers to principal (initial value)

r refers to interest rate (decimal)

and t refers to time (years)

Brilliant_brown [7]3 years ago

4 0

Answer:

A) Rate: the percent that interest is paid annually as a decimal

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I hope this is correct and have a great day

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