SOLUTION: I need help with this problem: Find the interest rate on a loan charging $5,344.80 in simple interest on a principal of 5,100 after 8 years.

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Question 150742: I need help with this problem: Find the interest rate on a loan charging $5,344.80 in simple interest on a principal of 5,100 after 8 years.
Answer by elima(1433) About Me  (Show Source):
You can put this solution on YOUR website!
I=PRT
5344.8=5100(8)R
5344.8=40800R
5344.8%2F%2840800%29=R
.131=R
:)