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) About Me  (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.
a=p%2A%281%2Br%2At%29
To leave p by itself you divide both sides by %281%2Br%2At%29
which gives you +%28a%2F%281%2Br%2At%29%29=p
Step 2. Substitute.
you have
a =2071
r =0.03
t= 3
+%28a%2F%281%2Br%2At%29%29=p = +%282071%2F%281%2B%280.03%29%2A%283%29%29%29=+1900
So, then p = 1900