Question

To calculate simple interest, the amount of interest, I, can be found using this formula, where P is the principal, r is the interest rate, and t is time: I=Prt Which formula can be used to determine the interest rate when the other variables are known? a.) r=IPt b.)r=I/Pt c.)r=IP/t d.) r=Pt/I

Answer 1

Answer:

b

Step-by-step explanation:

I = Prt  Solve the equation for r

I  =  Prt   Divide both sides by Pt to get r on one side of the equation by itself

Pt      Pt     Cancel the P and t on right side as P/P and t/t = 1

This leaves:    I = r   or r = I

                       Pt                 Pt