Klein Lindsey
12/19/2023 · Junior High School
The principal \( P \) is borrowed and the loan's future value \( A \) at time \( t \) is given. Determine the loan's simple interest rate \( r \). \( P=\$ 2300, A=\$ 2747, t=3 \) months The loan's simple interest is \( \square \% \). (Round to the nearest tenth of a percent as needed.)
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The loan's simple interest rate is approximately 77.9%.
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