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91Ó°ÊÓ

Solve each formula for the specified variable. Do you recognize the formula? If so, what does it describe? $$S=P+P r t \text { for } r$$

Short Answer

Expert verified
The solution is \( r = (S - P) / (Pt) \).

Step by step solution

01

Understanding the question

Given the formula \( S = P + Prt \), we need to isolate \( r \), the annual interest rate.
02

Rearrange the equation to isolate terms with \( r \)

Since \( Prt \) is added to \( P \), we can subtract \( P \) from both sides of the equation to obtain \( S - P = Prt \).
03

Obtain \( r \)

Now, to isolate \( r \), we can divide both sides of the equation by \( Pt \). So, we obtain \( r = (S - P) / (Pt) \).

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