Solving for the actual rate of interest: 25.11 = 1474.89 * r * 124/360

I'm just not sure how to isolate r. Could someone help please?

Question

Solving for the actual rate of interest: 25.11 = 1474.89 * r * 124/360

I'm just not sure how to isolate r. Could someone help please?

whpalmer4 · Answer

divide both sides by all the numbers that are on the same side as r.

mathmale · Answer

I'm not convinced that this expression will actually give you the "actual rate of interest."  But I will not argue that, but rather answer your question about isolating r:

I'd suggest that you multiply both sides of tghe equation by 360, to eliminate the fraction on the right.  Then follow @whpalmer4 's advice, above.

anonymous · Answer

Okay, I'm going to do that now. Thanks! I might have set up the problem wrong but I'll find out in a second.