document.write( "Question 1176669: 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.\r
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document.write( "P = $6000.00, A = $6450.00, t = 1 year
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document.write( "__% (Round to the nearest cent as needed.) \n" );
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Algebra.Com's Answer #803990 by ikleyn(52787)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "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.\r \n" ); document.write( "\n" ); document.write( "P = $6000.00, A = $6450.00, t = 1 year \n" ); document.write( " \n" ); document.write( "__% (Round to the nearest cent as needed.) \n" ); document.write( "~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " @ewatrrr solved the problem INCORRECTLY.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " She mistakenly used the formula for the compound account, \r \n" ); document.write( "\n" ); document.write( " although the problem asked to find the solution for a simple interest.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " I came to bring a correct solution.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "P = A +\r \n" ); document.write( "\n" ); document.write( "Solved.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar and/or different solved problems on simple interest accounts, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |