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OpenStudy (anonymous):
Use the simple interest formula to find the missing value. Rates are annual rates. Assume 360 days per year and 30 day per month. P=$4121 R=? t=151 days i=112.35
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OpenStudy (jmark):
Given P=$4121 R=? t=151 days i=112.35 =>we have simple interest=(p*r*t)/100 =>112.35=(4121*R*151)/100 =>R=0.018 Know more about Simple Interest Problems http://goo.gl/71BD7f
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