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Use the simple interest formula to determine the missing value. p =$1425,r= ?t= 4 yearsi= $125.40 ​

Question
Use the simple interest formula to determine the missing value.
 
p =$1425,
r= ?
t= 4 years
i= $125.40

 

 

 

 

 

check_circleAnswer
Step 1

Given information :

P =1425;

t=4 years

i=125.40

 

here, let rate, r %

Now, use the following formula to find the required value:

isPxrxt
100
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isPxrxt 100

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Step 2

Now, plug all the provided values:

1425 xr x 4
125,401425 x r x 4
100
125.40700r
100
125.40 57r
help_outline

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1425 xr x 4 125,401425 x r x 4 100 125.40700r 100 125.40 57r

fullscreen
Step 3

Now, further simplify by divi...

125.40
r =
57
r 2.2
help_outline

Image Transcriptionclose

125.40 r = 57 r 2.2

fullscreen

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Math

Advanced Math

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