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Mathematics 5 Online
OpenStudy (anonymous):

Getting confused with this one... I got 5.12? This doesn't seem right? Please help! 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 = $2,000.00, A = $2,560.00, t = 4 years

OpenStudy (anonymous):

you were close :)

OpenStudy (anonymous):

Thank you!

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