The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by I = Prt, where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years. The rate r must be converted from a percentage into decimal form.
Then, 2,000 = 1,000 * r * 10 ;
Finally, r = 2 ÷ 10 = 20 ÷ 100 = 0.2
hope this helps you
D: We solve this in exactly the same way in which we solved the previous area problem. Side length is s, area is s^2. Here, side length is 5 in; area is 25 in^2.
the problem does say, however, not to include units in your answer. Thus, just write "25."
