Victor calculates the percentage interest rate he needs to make $100 in simple annual interest over 2 years on a deposit of $1000. Where did he go wrong?

I = prt

100 = 1,000*r*2

r = 0.05

a. He applied the principal and interest to the variables

b. He should have divided 2 by 12 to get the value for t.

c. He misrepresented the earned interest with the balance.

d. He should have multiplied r by 100 to get the interest rate as a percentage.

Question

Victor calculates the percentage interest rate he needs to make $100 in simple annual interest over 2 years on a deposit of $1000. Where did he go wrong? 

I = prt

100 = 1,000*r*2

r = 0.05


a. He applied the principal and interest to the variables

b. He should have divided 2 by 12 to get the value for t.

c. He misrepresented the earned interest with the balance.

d. He should have multiplied r by 100 to get the interest rate as a percentage.

anonymous · Answer

what do you think the answer is

myininaya · Answer

Everything looks right
If you really want to write r as a percentage you need to do multiply by 100%

anonymous · Answer

R should be in percentage form hence u multiply it by 100.D would do 4 me

directrix · Answer

d. He should have multiplied r by 100 to get the interest rate as a percentage.


Victor calculates the percentage interest rate he needs
Answer should be expressed as a percent.  .05 = 5%