Jerry N.

asked • 12/15/20

# The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r to the nearest tenth of a percent.

The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r to the nearest tenth of a percent.

P​ = ​$2300.00​, A​ = ​$2328.75​, t​ = 3 months

________​% ​(Round to the nearest tenth of a​ percent.)

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