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In the formula I=P·r·t, what does r stand for? a. Rate: the percent that interest is paid annually as a decimal b. Ratio: the size of the interest interval compared to time c. Return: how much money you end up earning d. Reserves: how much money you have in the investment

Roger Moore

in Mathematics

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1 answer

Jeffrey Rodriguez on May 1, 2018

Answer: a. Rate: the percent that the interest is paid annually, as a decimal.Explanation:-In the formula for simple interest I = P. r.tP is the principal or initial amount.r is the rate of interest that is paid annually as a decimal.t is the period of time in years.The simple interest formula allows us to calculate I, which is the interest that is charged or earned on a loan.

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