LeyonaF728031 LeyonaF728031

31-10-2022
Mathematics

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Linda uses the simple interest formula to calculate the interest fee on her recent loan. Her interest rate is 5%.What value will Linda use for r, interest rate, in her calculation?

Respuesta :

DamayaW204556 DamayaW204556

31-10-2022

Since the interest rate is 5%. She needs to express the percentage as a decimal.

In order to do it, she needs to divide 5 by 100, so:

[tex]\frac{5}{100}=0.05[/tex]

Answer:

r = 0.05

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