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Simple Interest
I=Prt
Principal($)  500
Rate(%)  Unknown
Time(Yrs)  5
Interest Earned($) 62.50
Solve for the unknown. Please show work and explain.
 one year ago
 one year ago
Simple Interest I=Prt Principal($)  500 Rate(%)  Unknown Time(Yrs)  5 Interest Earned($) 62.50 Solve for the unknown. Please show work and explain.
 one year ago
 one year ago

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ParthKohliBest ResponseYou've already chosen the best response.2
Simply use the formula to get this:\[62.50 = 500 \times \dfrac{r}{100}\times 5\](Remember that percentage is just something over 100.)
 one year ago

ParthKohliBest ResponseYou've already chosen the best response.2
Hey, I just wrote an equation, and it's pretty easy. So above is the equation... solve for \(r\), maybe?
 one year ago

AdorkableBest ResponseYou've already chosen the best response.0
Okay, doing so right now.
 one year ago
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