SOLUTION: Solve for r I=P(1+rt)

SOLUTION: Solve for r I=P(1+rt)

Algebra.Com

Question 343741: Solve for r
I=P(1+rt)
Answer by unlockmath(1688) (Show Source): You can put this solution on YOUR website!
Hello,
Let's rewrite this. I=P(1+rt) as:
I=P+rtP
Now subtract P from both sides:
I-P=rtP
Then divide both sides by tP to get:
(I-P)/tP=r
Got it?
RJ
www.math-unlock.com
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