Find the annual interest rate. I= $15 P= $400 t= 9 months What is the annual interest rate, I would love for the answer to be ri
ght to the point.
1 answer:
Answer:
5% interest rate
Step-by-step explanation:
I=PRT- interest rate formula
15=400*0.75*r -(0.75 bcz 9/12=0.75)
15/300=300r/300
r=0.05
the interest rate is 5%
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