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P=$4130,r=?,t=155 days, I=$115.58
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3 votes
P=$4130,r=?,t=155 days, I=$115.58

User DanielEdrisian
by
4.5k points

1 Answer

3 votes

Answer:

r = 6.5902%

Explanation:

I = Prt

since the time is in days, it needs to be converted to years.

t = 155/365 = 0.424658

115.58 = (4130) r (0.424658)

115.58 = 1753.8045 r

115.58/1753.8054 = r

0.065902 = r

then, converting r decimal to a percentage

r = 0.065902 x 100 = 6.5902 %

User Anthony Mooz
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3.8k points
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