Join the IDNLearn.com community and start finding the answers you need today. Join our community to receive timely and reliable responses to your questions from knowledgeable professionals.
a. The formula solved for t is t = I/Pr
b. The value of t in the table is 3 years
From the question, we are to solve for t in the given formula
The given formula is the formula for simple interest
I = Prt
To solve for t, we will divide both sides of the equation by Pr
That is,
I/Pr = Prt/Pr
I/Pr = t
∴ t = I/Pr
The formula solved for t is t = I/Pr
b. We are to find the value of t when
I = $75
P = $500
r = 5% = 0.05
From
t = I/Pr
t = 75/(500×0.05)
t = 75/25
t = 3 years
Hence, the value of t in the table is 3 years
Learn more on Simple interest here: https://brainly.com/question/25793394
#SPJ1