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.
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what do you think the answer is
Everything looks right
If you really want to write r as a percentage you need to do multiply by 100%
R should be in percentage form hence u multiply it by 100.D would do 4 me