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7 November, 02:13

The formula for the amount with simple interest is A = P (1 + rt). Find t if A = 168, P = 150, and r = 0.08 ...?

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  1. 7 November, 02:25
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    This is just a simple question. First, substitute the equations by the given corresponding values.

    168 = 150 (1 + 0.08t)

    Then simplify the equation by multiplying the 150 inside the parenthesis

    168 = 150 + 12t

    Then You must transpose the 150 to the left side and it will look like this,

    168 - 150 = 12t

    Then simplify it again.

    18 = 12t

    Then divide both sides by 12 to eliminate the 12 on the 12t.

    18 = 12t

    12 12

    The answer would be 1.5 = t
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