SOLUTION: Find the rate if the principal is $900, the time is 3 years, and the interest is $135.

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Question 693308: Find the rate if the principal is $900, the time is 3 years, and the interest is $135.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Find the rate if the principal is $900, the time is 3 years,
and the interest is $135.
---------------
I = Prt
135 = 900*r*3
----
r = 135/(2700)
----
r = 0.05 = 5%
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Cheers,
Stan H.
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