SOLUTION: use the formula a=p(1+rt) to find the value of p when a = 2071, r=0.03 and t=3
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Question 754282: use the formula a=p(1+rt) to find the value of p when a = 2071, r=0.03 and t=3
Answer by mgmoeab(37) (Show Source): You can put this solution on YOUR website!
You have this formula a=p(1+rt) and are asked to find p.
Step 1. Forget the numeric values that you're given, and solve the formula for P.
To leave p by itself you divide both sides by
which gives you
Step 2. Substitute.
you have
a =2071
r =0.03
t= 3
=
So, then p = 1900
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