Use I = Prt for Simple Interest to Find the Indicated

question 20

Multiple Choice

Use I = Prt for simple interest to find the indicated quantity.
-P = $13,500; t = 4 months; I = $517.50. Find r.

• A) 7.7%
• B) 11.5%
• C) 11.7%
• D) 3.8%