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Use I = PRT to solve.
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Use I = PRT to solve.

Use I = PRT to solve.-example-1
User Atoya
by
4.9k points

1 Answer

2 votes

Answer: 11%

Explanation:

Since the formula for interest is:

I = PRT

where.

P = 1200

I = 99

T = 0.75

I = PRT

R = I/PT

R = 99/(1200 × 0.75)

R = 99/900

R = 11%

Therefore, the rate is 11%

User Scott Nichols
by
4.7k points
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