You borrow 25500 DHS from your brother and promise to pay back 30000 DHS in twelve (12) months. What simple interest rate will you pay? Identify the Future Value amount Identify the Principal amount DHS DHS Identify the Time (as used in the equation for calculation) years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 18PFA
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You borrow 25500 DHS from your brother and promise to pay back 30000
DHS in twelve (12) months. What simple interest rate will you pay?
Identify the Future Value amount
Identify the Principal amount
DHS
Calculate the Rate (as a percentage)
number no numbers behind the point)
DHS
Identify the Time (as used in the equation for calculation)
years
% (Round answer to whole
Transcribed Image Text:You borrow 25500 DHS from your brother and promise to pay back 30000 DHS in twelve (12) months. What simple interest rate will you pay? Identify the Future Value amount Identify the Principal amount DHS Calculate the Rate (as a percentage) number no numbers behind the point) DHS Identify the Time (as used in the equation for calculation) years % (Round answer to whole
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