Question

Solve the formula I=Prt to find the time, t, when P=$1,200, I=$81, and r=2.7%

Answer 1

t = 2 years and 6 months

Explanation:

I = Prt

in order to solve this :

make t the subject of formula

t = I/Pr

now input the values given

`t = (81)/(1200 * (2.7)/(100) )`

t = 2.5

this means 2.5 years , we can make this value exact :

2.5-2 = 0.5

0.5 * 12 months = 6 months

hence t = 2 years 6 months