How do i solve simple interest rates i know you know it
don't use google cause it makes no sense whatsoever

We can solve rate of interest by using the formula: I*100/P*T

for example:

I=$200

P=$1000

T=2 years

R=I*100/P*T

=200*100/1000*2

=10%

So,remember that Rate must be expressed in percentage(%) and time must be in years...If the time taken is given 11 months,then it should be converted into years..

Hope this will help u...and make u understand

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.