SOLUTION: The simple interest formula is A = P(1 + r)t where P represents the amount originally deposited, r is the interest rate, and A is the amount in the account after t years.
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Question 945447: The simple interest formula is A = P(1 + r)t where P represents the amount originally deposited, r is the interest rate, and A is the amount in the account after t years.
Find r if A = 2700, P = 2300 and t = 5. (Note: if 7 = 7, then 2700 = 2700)
Express r as a percentage to one decimal place (x.x%). And show work
