96.2k views
3 votes
In the formula /=P-r-t, what does r stand for?

User Valanto
by
8.5k points

1 Answer

5 votes

Answer:

The letter
r in the given formula represents the rate of interest.

Step-by-step explanation:

Where I is the amount of interest, P is the principal (amount of money borrowed), r is the interest rate (per year), and t is the time (expressed in years).

Hope this helps!

User Alex Archambault
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories