Raymond B. answered • 05/20/24
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Math, microeconomics or criminal justice
r= 450/6000=45/600=9/120=3/40=.075
.= 7.5% annual simple interest rate= r = APR
Joe C.
asked • 05/20/24The 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 =
1
year
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