SOLUTION: Use the simple interest formula to determine the missing value.
p=​$2,500, r=​?, t=88 ​years, i=​$880
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Question 1030999: Use the simple interest formula to determine the missing value.
p=$2,500, r=?, t=88 years, i=$880
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Here we can find r by dividing by Pt...so that
r = I/Pt = 880/(2500*88) = .004 = 0.4%
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