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) About Me  (Show Source):
You can put this solution on YOUR website!
L=P%281%2Brt%29 Start with the given equation.


L=P%2BPrt Distribute


L-P=Prt Subtract P from both sides.


%28L-P%29%2F%28Pt%29=r Divide both sides by Pt to isolate "r".


So the solution is r=%28L-P%29%2F%28Pt%29