Concept explainers
To Translate: The sentence “simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t” into a formula.
Answer to Problem 23PPE
The required formula is
Explanation of Solution
Given information:
The sentence “simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t”
Calculation:
The product of the principal amount, the rate of interest r, and the time t can be represented as:
Therefore,
Or
Chapter 1 Solutions
High School Math 2011 Algebra 1(prentice Hall) Student Edition
Additional Math Textbook Solutions
College Algebra
Linear Algebra and Its Applications (5th Edition)
Elementary and Intermediate Algebra
Linear Algebra with Applications (2-Download)
College Algebra (6th Edition)
Differential Equations and Linear Algebra (4th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education