Question

find the rate if I=$900, P=$7500, and T=2 years

Answer 1

Are you expected to use

I = PRT.....?

Answer 2

Yes

Answer 3

so solve for "r" then, and plug in the given values for the other elements

Answer 4

ok... so substituting you get

\[900 = 7500\times R \times 2\]

or

\[900 = 15000 \times R\]

you need to now solve for R... which will be a decimal and then change to a percentage