using the interest formula a = p(1 + rt), solve for the indicated variable. solve for r. r = (simplify your…

using the interest formula a = p(1 + rt), solve for the indicated variable. solve for r. r = (simplify your answer.)

using the interest formula a = p(1 + rt), solve for the indicated variable. solve for r. r = (simplify your answer.)

Answer

Explanation:

Step1: Divide both sides by P

$\frac{A}{P}=1 + rt$

Step2: Subtract 1 from both sides

$\frac{A}{P}-1=rt$

Step3: Divide both sides by t

$r=\frac{\frac{A}{P}-1}{t}=\frac{A - P}{Pt}$

Answer:

$\frac{A - P}{Pt}$