The formula shown can be used to find A the amount of money Raul has in his saving account Raul wants to find r the rate of interest his money earns which equation is correctly solved for r
Answers
Answer: r= A-P/ Pt
Step-by-step explanation: ur welcome
The equation [tex]r = \frac{A-P}{pt}[/tex] is correctly solved for r.
Here,
The formula shown can be used to find A the amount of money Raul has in his saving account.
Raul wants to find r the rate of interest his money earns.
We have to find the equation is correctly solved for r.
What is Rate of interest?
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned.
Now,
The formula which shown to find A is;
A = P + Prt
Hence, equation is correctly solved for r is;
[tex]A = P + Prt\\\\A-P = Prt\\\\r = \frac{A-P}{Pt}[/tex]
So, The equation [tex]r = \frac{A-P}{pt}[/tex] is correctly solved for r.
Learn more about the rate of interest visit:
https://brainly.com/question/25793394
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Answer Check
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