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DochEvi [55]
2 years ago
10

The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a _____.

Mathematics
1 answer:
lana66690 [7]2 years ago
7 0

Answer:

decimal

Step-by-step explanation:

Before using the rate given as a percentage in simple interest formula, you must first convert it to decimal.

 This helps in simplifying the work and help the calculation.

 Simple interest = \frac{PRT}{100}  

P is the principal

R is the rate

T is the time

  The rate is taken to decimal and inserted into the problem.

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