using the interest formula ( a = p(1 + rt) ), solve for the indicated variable. solve for ( p ). ( p = )…
using the interest formula ( a = p(1 + rt) ), solve for the indicated variable. solve for ( p ). ( p = ) (simplify your answer.)
Answer
Explanation:
Step1: Isolate ( P )
Given ( A = P(1+rt) ). To solve for ( P ), divide both sides of the equation by ( (1 + rt) ). [ \frac{A}{1+rt}=\frac{P(1 + rt)}{1+rt} ]
Answer:
( P=\frac{A}{1 + rt} )