Question

Use I = PRT to solve. (time is in years) Find R. [?]% (Give your answer as a percent.) P = $1,200 1 = $99 T = .75 years Enter​

Answer 1

Rate = 0.11%

Explanation:

Using I = PRT

Where,

• P = Principal = $1200
• R = Rate = ✘
• T = Time in years = 0.75 years
• I = Interest = $99

⟼ I = PRT

Substitute values

⟼ 99 = 1200 × 0.75 × ✘

Multiply

⟼ 99 = 900✘

Divide both sides by the coefficient of ✘

⟼ 99/900 = ✘

⟼ ✘ = 0.11

Therefore, Rate is 0.11%