Math / Numbers & Operations

QuestionLinda uses the simple interest formula to calculate the interest fee on her recent loan. Her interest rate is $5 \%$ . What value will Linda use for $\boldsymbol{\mathcal { T }}$ , interest rate, in her calculation? 0.05 0.005 0.5 5.0

Studdy Solution
Convert $5\%$ to a decimal by dividing by $100$ .
$r = \frac{5}{100} = 0.05$
The value Linda will use for $\mathcal{T}$ , the interest rate in her calculation, is:
$\boxed{0.05}$

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