Math Problem Statement
Using the interest formula A=P(1+rt), solve for the indicated variable. Solve for P
Solution
To solve for in the interest formula :
Given:
Steps:
-
Isolate by dividing both sides by :
-
Rewrite the equation:
Final Answer:
Would you like further details or have any questions?
Here are five related questions to explore this topic further:
- How would you solve for in the same formula ?
- What are some real-life applications of the formula ?
- If , , and are known, how would you calculate using specific values?
- How does this formula change if the interest is compounded instead of simple interest?
- What does each variable represent in the formula ?
Tip: Always check the units of time and rate in these formulas to ensure consistency.
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Math Problem Analysis
Mathematical Concepts
Algebra
Simple Interest
Equation Manipulation
Formulas
Simple interest formula: A = P(1 + rt)
Theorems
Basic principles of algebraic manipulation
Suitable Grade Level
Grades 9-12