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The equation below can be used to determine I, the am

simple interest on a loan.

I= prt, where p is the principal, r is the rate of the loan,

the length of the loan in years.

Which of these is the equation solved in terms of r?

Respuesta :

Given :

The equation below can be used to determine I (simple interest) on a loan as follows :

[tex]I=Prt[/tex] ...(1)

P is principal, r the rate of the loan,  t is the length of the loan in years.

We need to find the equation to solve in terms of r. We can find the value of P.

Dividing both sides of equation (1) by rt. So,

[tex]\dfrac{I}{rt}=\dfrac{Prt}{rt}\\\\P=\dfrac{I}{rt}[/tex]

So, P can be solved as : [tex]P=\dfrac{I}{rt}[/tex].

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