\n Hello, this question is for quiz 3 Introductory to Algebra, Math 009 UMUC:\n <\/p>\n
\n The simple interest formula is given by I = PRT, where I = interest earned, P = principal deposited to the account, R = interest rate in decimal form, and T = time in years that the principal remains in the account.\n <\/p>\n
\n a) Solve the formula for R.\n <\/p>\n
\n b) Use the new version of the formula to find R, the rate of simple interest, given that a deposit of $15,000 earned $3600 in simple interest when left in an account for 9 years.\u00a0Write R as a percent.\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Hello, this question is for quiz 3 Introductory to Algebra, Math 009 UMUC: The simple interest formula is given by I = PRT, where I = interest earned, P = principal deposited to the account, R = interest rate in decimal form, and T = time in years that the principal remains in the account. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/227435"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=227435"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/227435\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=227435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=227435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=227435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}