Use the simple interest formula to determine the missing value. p= $1475, r=?, t 2 years, i= $41.30 r= % (Do not round until the final answer. Then round to one decimal place as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Use the simple interest formula to determine the missing value.
p=$1475, r= ?, t 2 years, i= $41.30
(Do not round until the final answer. Then round to one decimal place as needed.)
Transcribed Image Text:Use the simple interest formula to determine the missing value. p=$1475, r= ?, t 2 years, i= $41.30 (Do not round until the final answer. Then round to one decimal place as needed.)
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