• Faman39
Victor calculates the percentage interest rate he needs to make $100 in simple annual interest over 2 years on a deposit of$1000. Where did he go wrong? I = prt 100 = 1,000*r*2 r = 0.05 a. He applied the principal and interest to the variables b. He should have divided 2 by 12 to get the value for t. c. He misrepresented the earned interest with the balance. d. He should have multiplied r by 100 to get the interest rate as a percentage.
Mathematics

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