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Use the formula to find the value of t in the table I=$75 P=$500, r =5% what is the value of t in this table is how many years

Respuesta :

t = 3 years

the formula for calculating simple interest (I ) is

I = [tex]\frac{PRT}{100}[/tex]

multiply both sides by 100

PRT = 100I

divide both sides by PR

T = [tex]\frac{100I}{PR}[/tex] = [tex]\frac{100. 75}{500. 5}[/tex] = [tex]\frac{75}{25}[/tex] = 3

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