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Chapter 2: Q. 403 (page 274)

In the following exercises, use the formula I = Prt

Solve for the time,t for 鈸� I = \(624,P = \)6,000, r = 5.2% 鈸� in general

Short Answer

Expert verified

a.Thesimplifiedvalueist=2

b.Ingeneralt=I(Pr)

Step by step solution

01

Step 1. Given information

The given equation is

We have toSolve for the time,t for 鈸� I= $624,P= $6,000, r= 5.2% 鈸� in general

02

Step 2. Part a. Explanation

Solve:Writetheformula鈬�I=Prt鈬�624=(6000)(0.052)(t)(Substitute)鈬�624=(312)t(Simplify)鈬�624312=(312)t312(Dividebothsidestoisolatet)鈬�2=t(Simplify)Thesimplifiedvalueist=2
03

Step 3. Part b. Explanation

IngeneralWritetheformula.鈬�I=Prt鈬�I=(Pr)t(Simplify)鈬�I(Pr)=(Pr)t(Pr)(Dividebothsidestoisolatet)鈬�I(Pr)=t(Simplify)Ingeneralt=I(Pr)

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