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Chapter 2: Q29. (page 78)

Translate the following sentence into a formula:

鈥淪imple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t鈥�.

Short Answer

Expert verified

The formula is I=p脳r脳t.

Step by step solution

01

Step 1. Given information.

The given sentence is:

Simple interest is computed by finding the product of the principal amount, the interest rate, and the time.

02

Step 2. Write the variable.

Consider the Simple interest be I.

Also, consider the principal amount be p, the interest rate is r, and the time t.

03

Step 3. Write the expression.

The expression for the product of the principal amount p, the interest rate r, and the time t is p脳r脳t.

04

Step 4. Write the formula.

Since the simple interest is equal to p脳r脳t,

Therefore,

I=p脳r脳t

This is the required formula.

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