The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $2700.00, A = $2882.25, t = 9 months ... % (Round to the nearest tenth of a percent as needed.)
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $2700.00, A = $2882.25, t = 9 months ... % (Round to the nearest tenth of a percent as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r.
P = $2700.00, A = $2882.25, t = 9 months
% (Round to the nearest tenth of a percent as needed.)
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