Seudónimo Seudónimo
  • 10-12-2020
  • Mathematics
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The formula A=P(1+r)t is used to show the total amount owed for a loan with a simple annual interest rate.

Solve for r.

The formula AP1rt is used to show the total amount owed for a loan with a simple annual interest rate Solve for r class=

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laurellee27
laurellee27 laurellee27
  • 10-12-2020

Answer:

r = A/Pt - 1

Step-by-step explanation:

A = P(1 + r)t

Divide by P and t

A/Pt = 1 + r

Minus 1

A/Pt - 1 = r

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