Question

The formula:Installment Payments = Total of installment payments/Number of payments is used to find the amount of each installment payment for a loan. The formula can be written in symbols as P=T/N. Solve the formula for T.

Answer 1

T=PN

Step-by-step explanation:

The formula written in symbols is:

`P=(T)/(N)`

To solve the formula for T, multiply both sides by N:

`\begin{gathered} P* N=(T)/(N)* N \\ \implies T=PN \end{gathered}`

The formula solved for T is T=PN.