# Chapter 2 - Section 2.4 - Formulas and Percents - Exercise Set - Page 152: 3

P=$\frac{I}{rt}$ Interest formula

#### Work Step by Step

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

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.