SOLUTION: find r if I=$5920,P=$4000, AND T=3YEARS

SOLUTION: find r if I=$5920,P=$4000, AND T=3YEARS

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Question 15798: find r if I=$5920,P=$4000, AND T=3YEARS
Answer by elima(1433) (Show Source): You can put this solution on YOUR website!
find r if I=$5920,P=$4000, AND T=3YEARS
THis is a simple interest problem, so your equation would be;
I=PRT
5920=4000R(30)
5920=12000R
=r
49%=r
=)
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