Question

Use the formula, I = PRT, to find the time if | = $387.50, P = $1,550, and R = 12.5%

Answer 1

T = 2

Explanation:

Take the given formulaer

I = PRT

And plug in the variables you know (I, P, R)

387.50 = 1,550(.125)T

(12.5% becomes .125 after you divide it by 100, because precents are really just fractions out of 100)

387.50 = 193.75T

T = 2