Question

The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and t=time, measured in years. Which of the following options represent(s) an alternative equivalent version of the simple interest formula? select all that apply....TY

I = trp
I = p + rt
I - rt = p
t= l/rp
p= l/rt

Answer 1

An alternative equivalent versions are:

I = trp
t= l/rp
p= l/rt

Answer 2

Explanation:

The formula for simple interest is as follows.

I = prt

where, I = simple interest

p = principle

r = rate

t = time

This formula can be alternatively written by shifting I, r, t, and p either on the right or left side of equals sign.

Therefore, the formula can be rewritten as follows.

• I = trp
• 
  `t = (I)/(rp)`
• 
  `p = (I)/(rt)`