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How can you find the interest rate on a loan? a . By using the formula r = ( P / PV ) * (
How can you find the interest rate on a loan?
a By using the formula r P PVr
bBy using the formula r P PVr
cTo find the interest rate on a loan, you can use the formula r P PVr where r is the interest rate, P is the loan payment, PV is the present value of the loan, and is the number of payment periods. You can use trial and error or mathematical methods, such as the NewtonRaphson method, to solve for the interest rate.
dBy asking the lender
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