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Calculate the simple interest rate. (Round your answer to one decimal place.)
P = $1800, 1 = $87130, t = 6 months

Sagot :

armanarnav

Answer:Mark me Brainlieist

Rate9681.1111%/year

Formula:r = Interest / Principle time

Step-by-step explanation:

Solving our equation

r = 87130  (1800 × 0.5) = 96.81111111

r = 96.81111111

converting r decimal to a percentage

R = 96.81111111 × 100 = 9681.1111%/year

The interest rate required to

accumulate simple interest of $87,130.00

from a principal of $1,800.00

over 0.5 years is 9681.1111% per year.

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