Problem 56085. Simple Interest : Calculate annual simple interest rate

• Created by Mehmet OZC

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Difficulty:

(60)

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Theorem : Simple Interest

where;

• F : Future Value
• P : Present Value
• r : Annual simple interest rate (decimal)
• t : Time in years

Calculate r, given F, P and t.

Solve

Solution Stats

89.13% Correct | 10.87% Incorrect

• 46 Solutions
• 40 Solvers

Last Solution submitted on Jan 05, 2025

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