Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary. p = $2,500, r= ?, t= 7 years, i= $1,400.00 O A. r= 0.08% B. r= 12.50% Oc. r= 8% D. r= 19.4%

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary.
p= $2,500, r= ?, t= 7 years, i= $1,400.00
O A. r= 0.08%
B. r= 12.50%
O C. r= 8%
D. r= 19.4%
Transcribed Image Text:Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary. p= $2,500, r= ?, t= 7 years, i= $1,400.00 O A. r= 0.08% B. r= 12.50% O C. r= 8% D. r= 19.4%
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