Elementary Algebra

Published by Cengage Learning
ISBN 10: 1285194055
ISBN 13: 978-1-28519-405-9

Chapter 3 - Equations and Problem Solving - Chapter 3 Review Problem Set: 21

Answer

$i=400$

Work Step by Step

Substituting $P=4000$, $r=0.05$, and $t=2$ in the given equation, $ i=Prt ,$ we obtain: \begin{array}{l}\require{cancel} i=(4000)(0.05)(2) \\\\ i=400 .\end{array}
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.