Mrs. Sing invests $12,876 for her business at an annual interest rate of 7 percent for 3 years. Which number will Mrs. Sing substitute for r in the simple interest formula? I = …

Question

asked Nov 28, 2021 204k views

2 Answers

Minudika · Answer 1 · 2021-12-04T15:17:58+0000

Answer:

R = 7%

Principal (P)

Rate (R)

Time (t)

Explanation:

The full intrest rate formula is i=prt

You are looking for r

R is the interest rate 7%

So i = 12,876*7%*3years will be the full equation.