5. michael borrows money from his uncle, who is charging him simple interest using the formula $i = prt$. to…

5. michael borrows money from his uncle, who is charging him simple interest using the formula $i = prt$. to figure out what the interest rate, $r$, is, michael rearranges the formula to find $r$. his new formula is $r$ equals 1) $\frac{i - p}{t}$ 2) $\frac{p - i}{t}$ 3) $\frac{i}{pt}$ 4) $\frac{pt}{i}$

5. michael borrows money from his uncle, who is charging him simple interest using the formula $i = prt$. to figure out what the interest rate, $r$, is, michael rearranges the formula to find $r$. his new formula is $r$ equals 1) $\frac{i - p}{t}$ 2) $\frac{p - i}{t}$ 3) $\frac{i}{pt}$ 4) $\frac{pt}{i}$

Answer

Explanation:

Step1: Isolate $r$

Given $I = Prt$, divide both sides by $Pt$. $r=\frac{I}{Pt}$

Answer:

  1. $\frac{I}{Pt}$