Homework Help: math

Posted by valerie on Tuesday, January 1, 2013 at 10:20pm.

interest is $1104, principal is $4600, and time is 4 yrs. What is rate?

math - Reiny, Tuesday, January 1, 2013 at 10:43pm
Same as before

I = PRT
R = I/(RT)
= 1104/(4600(4)) = .06 or 6%

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