I=$26.25I=$26.25, P=$500P=$500, t=18 t=18 months

asked Jun 21, 2018 141k views

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what is the acutal question

Zaytri answered Jun 24, 2018

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I'm assuming it is simple interest.
I = prt
26.25 = 500 r * 1.5
26.25 = 750r
divide both sides by 750
.035 = r
rate = 3.5%

Luong Ba Linh answered Jun 28, 2018

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