## College Algebra (10th Edition)

Published by Pearson

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

#### Answer

The correct answer is (b).

#### Work Step by Step

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

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