College Algebra (10th Edition)

Published by Pearson
ISBN 10: 0321979478
ISBN 13: 978-0-32197-947-6

Chapter 1 - Section 1.7 - Problem Solving: Interest, Mixture, Uniform Motion, Constant Rate Job Applications - 1.7 Asses Your Understanding - Page 140: 7

Answer

The correct answer is (b).

Work Step by Step

The equation in (b), $I=Prt$, is the correct simple interest formula.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.