SOLUTION: A=P+Prt, for r A=$880, P=800, t=2years

Question 77317: A=P+Prt, for r A=$880, P=800, t=2years
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
plug in A=880, P=800, and t=2
Subtract 800 from both sides
Divide both sides by 800
Divide both sides by 2

So the interest rate (in decimal form) is:
0.05
which converts to a percentage by this procedure
0.05*100=5
So the interest rate is 5%
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