jlgardner jlgardner
  • 27-08-2020
  • Mathematics
contestada

Use the simple interest formula to determine the missing value. p=?, r=6%, t=9 months, i=81

Respuesta :

jimrgrant1 jimrgrant1
  • 27-08-2020

Answer:

P = 1800

Step-by-step explanation:

The formula to calculate simple interest (I) is

I = [tex]\frac{PRT}{100}[/tex] ( note that time is in years ), thus

9 months = [tex]\frac{9}{12}[/tex] = [tex]\frac{3}{4}[/tex] = 0.75 years

Thus

81 = [tex]\frac{P(6)(0.75)}{100}[/tex] ( multiply both sides by 100 )

8100 = 4.5P ( divide both sides by 4.5 )

P = 1800

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