Question: The simple interest formula is A=P(1+r)^twhere P represents the amount originally deposited, r is the interest rate, and A is the amount in the account

  1. The simple interest formula is A=P(1+r)^twhere P represents the amount originally deposited, r is the interest rate, and A is the amount in the account after tyears.Find rif A = 2600, P = 2200 and t= 5.Express ras a percentage to one decimal place.

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