Find the interest rate r for p = 2700, a = 6400, and t = 3. Round to the nearest hundredth.
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A=P+I
6400=2700+I
I=6400-2700=3700
T=3
I=PTR/100
3700=(2700×3×R)/100
3700=81R
R=3700/81
R=45.67%
6400=2700+I
I=6400-2700=3700
T=3
I=PTR/100
3700=(2700×3×R)/100
3700=81R
R=3700/81
R=45.67%
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