SOLUTION: what is the literal equation for r when l=P(1+rt)?
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Question 199916: what is the literal equation for r when l=P(1+rt)?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Start with the given equation.
Distribute
Subtract P from both sides.
Divide both sides by Pt to isolate "r".
So the solution is
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