document.write( "Question 490109: how mdo you solve the problem of i=prt when the rate is the only thing that is given. ex.How long will it take P dollars to double itself at 12% simple interest \n" ); document.write( "
Algebra.Com's Answer #333905 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Principal = P \n" ); document.write( "time = ? \n" ); document.write( "r=12% \n" ); document.write( "I = P Since the amount doubles\r \n" ); document.write( "\n" ); document.write( "P= P*0.12*t \n" ); document.write( "t=1/0.12\r \n" ); document.write( "\n" ); document.write( "=8.33 years \n" ); document.write( " |