Question

Celo used the simple interest formula uppercase A = uppercase P (1 + r t) to calculate the interest he earned on his savings last month. Which equation is equivalent to the simple interest formula? uppercase P = StartFraction uppercase A Over 1 + r t EndFraction uppercase P = StartFraction 1 + r t Over uppercase A EndFraction uppercase P = uppercase A minus (1 + r t) uppercase P = uppercase A + (1 + r t)

Answer 1

The correct answer is A.

Explanation:

P= A/ 1+rt

Answer 2

uppercase P = StartFraction uppercase A Over 1 + r t EndFraction

P = A/(1+rt)

Explanation:

A. uppercase P = StartFraction uppercase A Over 1 + r t EndFraction

P = A/(1+rt)

B. uppercase P = StartFraction 1 + r t Over uppercase A EndFraction

P = (1+rt)/A

C. uppercase P = uppercase A minus (1 + r t)

P = A - (1+rt)

D. uppercase P = uppercase A + (1 + r t)

P = A + (1 + rt)

Simple interest formula celo used

A = uppercase P (1 + r t)

A = P(1 + rt)

Where,

A = final balance

P = principal

r = interest rate

t = time (years)

Make p the subject of the formula

A = P(1 + rt)

P = A/(1 + rt)