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User Yestema
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1 Answer

1 vote

Answer:

The value of r to be out in the given formula is r = 0.048.

Explanation:

The rate is given as 4.8%.

Now to put the value of interest in the given formula,

We need the value of r.

r =
(r \%)/(100)   = (4.8)/(100) = 0.048

Hence, the value of r to be out in the given formula is r = 0.048.

User Pellyadolfo
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