SOLUTION: 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=$4800.00
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Question 1182557: 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=$4800.00
A=$4596.00
T=6 Months
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
FV < than Principal how?
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