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Oliga [24]
3 years ago
6

Use the formula to find the value of t in the table I=$75 P=$500, r =5% what is the value of t in this table is how many years

Mathematics
1 answer:
nevsk [136]3 years ago
3 0

t = 3 years

the formula for calculating simple interest (I ) is

I = \frac{PRT}{100}

multiply both sides by 100

PRT = 100I

divide both sides by PR

T = \frac{100I}{PR} = \frac{100. 75}{500. 5} = \frac{75}{25} = 3

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