2 answers:
Answer:
So we rearrange the equation to R=I/PT
Then we substitute: R= 90/300(2)
Calculating the answer should be about 0.15
or <u>I =15%</u>
Step-by-step explanation:
First we find how to get $90 from 300 with a percentage rate of X.
To find the interest rate the formula give is
I = P x R x T.
Now substitute the variables.
90 = 300 x R x 2
90 = 600 x R
To find R we divide.
90/600 = .15
Now we substitute,
300 x .15 x 2 = 90
R = .15 or 15%
Hope this helps!
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