Answer:
7/2
Step-by-step explanation:
3 wholes is equal to 6 halves plus a half equals 7 halves
A = p + prt
The above equation can be solved for “r” in such a
way.
Subtract “p” from both sides;
A – p = p + prt – p
A – p = prt
Divide both sides by “p” and “t”;
A/pt – p/pt = prt/pt
A/pt – 1/t = r
Or
<span>r = A/pt – 1/t</span>
Answer:I hope the following example will help you
Step-by-step explanation:
Ex1: If $1000 is invested now with simple interest of 8% per year. Find the new amount after two years.
P = $1000, t = 2 years, r = 0.08.
A = 1000(1+0.08(2)) = 1000(1.16) = 1160
$57.60 is the correct answer
