Answer:Mark me Brainlieist
Rate9681.1111%/year
Formula:r = Interest / Principle time
Step-by-step explanation:
Solving our equation
r = 87130 (1800 × 0.5) = 96.81111111
r = 96.81111111
converting r decimal to a percentage
R = 96.81111111 × 100 = 9681.1111%/year
The interest rate required to
accumulate simple interest of $87,130.00
from a principal of $1,800.00
over 0.5 years is 9681.1111% per year.
