The formula for calculating simple interest is I = prt. Which is the equivalent equation solved for r? StartFraction I Over p t
EndFraction = r StartFraction p t Over I EndFraction = r I minus p t = r I + p t = r
2 answers:
Answer:
Answer: r = I/pt
Step-by-step explanation:
Answer: r = I/pt
Step-by-step explanation:
Interest divided by the principal × time gives the rate. It's usually expressed as a percentage per year.
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