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Author Question: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's ... (Read 48 times)

mcmcdaniel

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Question 1

The principal P is borrowed and the loan's future value, A,  at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

P = $3000, A = $3270, t = 1 year
◦ 9%
◦ 9.3%
◦ 18%
◦ 9.9%

Question 2

The principal P is borrowed and the loan's future value, A,  at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

P = $140, A = $190.40, t = 4 years
◦ 9%
◦ 5.5%
◦ 9.4%
◦ 18%


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Marked as best answer by mcmcdaniel on Feb 2, 2020

lorealeza77

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mcmcdaniel

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Reply 2 on: Feb 2, 2020
Wow, this really help


pratush dev

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Reply 3 on: Yesterday
Gracias!

 

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