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

Algebra ->  Finance -> 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       Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
FV < than Principal how?