2 years ago

In the formula/-pirit, what does r stand for?

Mathematics

1 answer:

g100num [7]2 years ago

6 0

Answer:

<u>The correct answer is A. Rate: the percent that interest is paid annually as a decimal.</u>

Step-by-step explanation:

Let's recall the formula of the Simple interest:

A = P * (1 + rt)

Where:

A = Total Accrued Amount (principal + interest)

P = Principal Amount or Initial deposit

r = Rate of Interest per year in decimal

t = Time Period involved in months or years

<u>Therefore, the correct answer is A. Rate: the percent that interest is paid annually as a decimal.</u>

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