Math Problem Statement

The formula for simple interest is I, equals, P, r, t, commaI=Prt, where II is the interest earned, PP is the principal, rr is the interest rate and tt is the number of years. Solve the formula for tt in terms of P, commaP, II and r, .r.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Simple Interest
Solving Equations

Formulas

I = Prt
t = I / (Pr)

Theorems

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Suitable Grade Level

Grades 7-10