savage285668 savage285668

24-10-2018
Mathematics

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Suppose a creditor offers you an agreement where the infest accrues as follows: I=Prt, where I is interest owed ($), P is the amount borrowed, r is the yearly interest rate (%) , and t is time (years). What is the mathematical relationship between I and r? Between I and t? If you’re the borrower , why are these relationships important to you ?

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ZachCapron ZachCapron

24-10-2018

Answer:

They are important becasue that decides how much money that you would pay on top of the borrowed ammount.

Step-by-step explanation:

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