Question: 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 =

The principal P is borrowed and the loan's future value A

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 = $2826, t = 9 months The loan's simple interest is % Round to the nearest tenth of - percent as needed.)

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