Summer S.

asked • 09/14/21

the principal P is borrowed and the loan's future value, A, at time t is given. Determine the loans simple interest rate, r, to the nearest tenth of a percent. P=$2000 A=$2150 T=1 Year

I know I am supposed to use I = PRT or A=P(1+rt) but I don't understand how I'm supposed to set up the equation.

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