Question

Use the simple interest formula to determine the missing value.

p =$1425,

r= ?

t= 4 years

i= $125.40

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:

Step 2

Now, plug all the provided values:

Step 3

Now, further simplify by divi...

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