SOLUTION: Solve i = Prt for t, given that P = $500, r = 12%, and i = $240.00.

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Question 754311: Solve i = Prt for t, given that P = $500, r = 12%, and i = $240.00.
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
i = P r t
240 = 500* 12% * t
240 = 60 t
t = 240/60
t = 4
Hope this helps
:-)