In 1520, the principal P is borrowed and the loans future value, A, at time t is given
Chapter 8, Problem 16(choose chapter or problem)
In Exercises 15 - 20, the principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.
P = $3000, A = $3180, t = 1 year
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