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joel3410
21.09.2020 •
Mathematics
Simple interest, I, in dollars are calculated using the formula I=PT, where p represents the principle, or amount in dollars that is invested or borrowed, r represents the annual interest rate, expressed as a decimal, and t represents time in years, find the value of the variable t using the simple formula I=$210, p=$4000, r=3.5%
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Ответ:
The value of the variable t is 1.5 years
Step-by-step explanation:
Here, from the simple interest formula, we want to calculate the value of the variable T which is the time;
Mathematically;
I = PRT/100
In this question, I = simple interest = $210, P = principal = $4,000, R = rate = 3.5% and T = time which we want to calculate;
Now, substitute these values into the equation;
210 = (4,000 * 3.5 * T)/100
Cross multiply
100 * 210 = (14,000 * T)
21,000 = 14,000T
T = 21,000/14,000
T = 1.5 years
Ответ:
-1.3705187977