Introductory Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-805-X
ISBN 13: 978-0-13417-805-9

Chapter 2 - Section 2.4 - Formulas and Percents - Exercise Set: 4

Answer

r=$\frac{I}{Pt}$ Interest formula

Work Step by Step

I=Prt Prt=I $\frac{Prt}{Pt}$=$\frac{I}{Pt}$ r=$\frac{I}{Pt}$ The given is the interest formula which means interest equals the product of the principal, the interest rate, and time.
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