## Adorkable Group Title 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

1. ParthKohli

Simply use the formula to get this:$62.50 = 500 \times \dfrac{r}{100}\times 5$(Remember that percentage is just something over 100.)

2. ParthKohli

Hey, I just wrote an equation, and it's pretty easy. So above is the equation... solve for $$r$$, maybe?

Okay, doing so right now.