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MathematicsMathematics
20 August, 08:31

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

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Answers (2)
  1. 20 August, 10:06
    0
    A) Rate: the percent that interest is paid annually as a decimal
  2. 20 August, 10:16
    0
    a. Rate: the percent that interest is paid annually as a decimal

    Step-by-step explanation:

    Given the simple interest formula:

    I=P*r*t

    I refers to interest

    P refers to principal (initial value)

    r refers to interest rate (decimal)

    and t refers to time (years)
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Home » Mathematics » 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.
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