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 - Page 152: 4


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.
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.