Ask Question
28 August, 03:47

Find the value of t in the table I=$75 P=$500 r = 5%

+1
Answers (1)
  1. 28 August, 04:39
    0
    We assume the applicable formula is ...

    ... I = Prt

    Dividing by Pr solves this for t:

    ... I / (Pr) = t

    ... $75 / ($500·0.05) = t = 3

    The value of t is 3.
Know the Answer?