Faman39
  • 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
jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
what do you think the answer is
myininaya
  • myininaya
Everything looks right If you really want to write r as a percentage you need to do multiply by 100%
anonymous
  • anonymous
R should be in percentage form hence u multiply it by 100.D would do 4 me

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Directrix
  • Directrix
d. He should have multiplied r by 100 to get the interest rate as a percentage. Victor calculates the percentage interest rate he needs Answer should be expressed as a percent. .05 = 5%

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