The formula A=P(1+r)t is used to show the total amount owed for a loan with a simple annual interest rate. Solve for r.

asked Oct 24, 2021 108k views

3 votes

The formula A=P(1+r)t is used to show the total amount owed for a loan with a simple annual interest rate.

Solve for r.

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5 votes

Answer:

r = A/Pt - 1

Explanation:

A = P(1 + r)t

Divide by P and t

A/Pt = 1 + r

Minus 1

A/Pt - 1 = r

Canbax answered Oct 31, 2021

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