Question

The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and t=time, measured in years. Which of the following options represent(s) an alternative equivalent version of the simple interest formula? select all that apply....TY
I = trp
I = p + rt
I - rt = p
t= l/rp
p= l/rt

Answer 1

An alternative equivalent versions are:

I = trp
t= l/rp
p= l/rt

Answer 2

Step-by-step explanation:

The formula for simple interest is as follows.

                I = prt

where,  I = simple interest

            p = principle

            r = rate

            t = time

This formula can be alternatively written by shifting I, r, t, and p either on the right or left side of equals sign.

Therefore, the formula can be rewritten as follows.

• I = trp
• $t = \frac{I}{rp}$
• $p = \frac{I}{rt}$