In Exercises 15-20, the principal P is borrowed and the loan’s future value, A, at time t is given. Determine the loan’s simple interest rate, r, to the nearest tenth of a percent. P = $ 5000 , A = $ 5900 , t = 2 years
In Exercises 15-20, the principal P is borrowed and the loan’s future value, A, at time t is given. Determine the loan’s simple interest rate, r, to the nearest tenth of a percent. P = $ 5000 , A = $ 5900 , t = 2 years
In Exercises 15-20, the principal P is borrowed and the loan’s future value, A, at time t is given. Determine the loan’s simple interest rate, r, to the nearest tenth of a percent.
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