Finding Interest Rate in Interest Problems

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  1. Math

    How do I do this? -- can anyone give me a formula to find the answers? Example: Find the annual rate of simple interest~ P: 5000 / I: 650 / T: 3 years. PV = nRT I=PRT so solving for R we get R=I/(PT) plug in your values and evaluate. Your answer will be a

    asked on April 25, 2007