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OpenStudy (lollola):
Find the interest rate of: Principle: $400 Rate: 5% Time: 1 year <3 <3 <3 Will medal <3 <3 <3 💋
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OpenStudy (vhtran):
is the rate per year?
OpenStudy (misssmartiez):
P x R x T if you mean simple rate. So,
OpenStudy (lollola):
400x.05x 1 ?
OpenStudy (misssmartiez):
Put 5% in a decimal, 0.05 (5 / 100) 400 x 0.05 x 1.
OpenStudy (misssmartiez):
correct, so what would it be?
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OpenStudy (lollola):
one sec
OpenStudy (lollola):
20..?
OpenStudy (misssmartiez):
Correct.
OpenStudy (lollola):
ok awesome thanks ;)
OpenStudy (misssmartiez):
No prob.
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