Question

The formula for simple interest is I=Prt.

Answer 1

a. The formula solved for t is t = I/Pr

b. The value of t in the table is 3 years

Simple Interest

From the question, we are to solve for t in the given formula

The given formula is the formula for simple interest

I = Prt

To solve for t, we will divide both sides of the equation by Pr

That is,

I/Pr = Prt/Pr

I/Pr = t

∴ t = I/Pr

The formula solved for t is t = I/Pr

b. We are to find the value of t when

I = $75

P = $500

r = 5% = 0.05

From

t = I/Pr

t = 75/(500×0.05)

t = 75/25

t = 3 years

Hence, the value of t in the table is 3 years

Learn more on Simple interest here: brainly.com/question/25793394

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