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Alik [6]
3 years ago
15

Units must be consistent. If the unit for p is dollars, the unit for i is dollars and the unit for t is years, what must the uni

ts for r be?
Mathematics
1 answer:
umka2103 [35]3 years ago
5 0

Assuming you're concerned with interest rate problems, r is generally involved in something like the formula ...

... i = prt

So, r will have the units of ...

... r = i/(pt) = (dollars)/(dollars·year) = 1/year

That is, r is <em>(some fraction) per year</em>.

_____

Often, the fraction is expressed as a percentage. The fraction will be unitless (as percentages are), leaving the units of r as year⁻¹.

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