Question

Asked Oct 31, 2019

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How do i solve for r in the equation:

A=P(1+rt)

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.

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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