SOLUTION: I=prt find r when I= $225, P= $5000, t=1.5 years

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Question 217695: I=prt
find r when I= $225, P= $5000, t=1.5 years

Answer by joma(3) About Me  (Show Source):
You can put this solution on YOUR website!
when I=prt , then R= I/pt
or
R= 225/5000(1.5)
R=225/7500
R= .03

.. jOms :)
(is this correct??)