Knowing that P = X x i / 100, C = main, e = Rate. Calculate the rate for the formula: A principal of R $ 105,000.00 obtained a p
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In your calculator
Divide 56.25 by 4.5
That should equal 12.50
To double check you can
12.50 x 4.5 = 56.25
Divide 56.25 by 4.5
That should equal 12.50
To double check you can
12.50 x 4.5 = 56.25