Asked Oct 31, 2019

How do i solve for r in the equation: 



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



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+)

Step 3


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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