Question

Use | = PRT to solve.

(time is in years)
P = $1,200
I = $99
T= .75 years
Find R.


Can someone help? :)

Answer 1

Hi,

So the answer is 11%

Answer 2

Explanation:

PRT = I

R = I/PT

R = 99/(1200)(.75)

R = 99/900

R = 11%