Question
Asked Oct 31, 2019
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How do i solve for r in the equation: 

A=P(1+rt)

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Expert Answer

Step 1

Interest rate is the rate which is paid by the borrower as per the amount borrowed from the various sources of finance.

Step 2

Given:

 

Where, A represents the amount, P represents the principal, r represents the interest rate and t represents the time.

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A P(1+)

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Step 3

Solution:

To calculate the value of r using the given formula, r should be isolated for which following steps...

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A P(1+r) A P Prt A - P Prt

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