SOLUTION: Given the formula, solve for the indicated variable. A = P(1 + nr) for r Thank You!

SOLUTION: Given the formula, solve for the indicated variable. A = P(1 + nr) for r Thank You!

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Question 441608: Given the formula, solve for the indicated variable.
A = P(1 + nr) for r
Thank You!
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Given the formula, solve for the indicated variable.
A = P(1 + nr) for r
A/P = 1 + nr
nr = [A/P]-1
---
r = [(A/P)-1]/n
---
r = [(A-P)]/[nP]
==================
Cheers,
Stan H.
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