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Please help!! URGENT!! I don’t understand

Please help!! URGENT!! I don’t understand-example-1
User Prgao
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1 Answer

2 votes

Answer: 14%

Explanation:

Our formula is i=prt but we're trying to find the rate (r) so we'll rearrange it to become r=i/pt.

i = $245

p = $7000

t = 3/12= 0.25 years


r=(245)/((7000)(0.25)) \\r = 0.14

User Mkoistinen
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