Joe C.

asked • 05/20/24

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. P​ = ​$6000.00​, A​ = ​$6450.00​, t​ = 1 year

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.

P​ =

​$6000.006000.00​,

A​ =

​$6450.006450.00​,

t​ =

11

year



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