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- https://math.libretexts.org/Bookshelves/PreAlgebra/Prealgebra_2e_(OpenStax)/06%3A_Percents/6.05%3A_Solve_Simple_Interest_ApplicationsTo use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either...To use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either investing money or borrowing money. To solve these applications, we continue to use the same strategy for applications that we have used earlier in this chapter. The only difference is that in place of translating to get an equation, we can use the simple interest formula.
- https://math.libretexts.org/Courses/Nova_Scotia_Community_College/MATH_1043/01%3A_Numerical_Literacy/1.06%3A_Percents/1.6.04%3A_Solve_Simple_Interest_ApplicationsTo use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either...To use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either investing money or borrowing money. To solve these applications, we continue to use the same strategy for applications that we have used earlier in this chapter. The only difference is that in place of translating to get an equation, we can use the simple interest formula.
- https://math.libretexts.org/Courses/Las_Positas_College/Foundational_Mathematics/07%3A_Percents/7.04%3A_Solve_Simple_Interest_ApplicationsTo use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either...To use the simple interest formula, I = Prt, we substitute in the values for variables that are given, and then solve for the unknown variable. Applications with simple interest usually involve either investing money or borrowing money. To solve these applications, we continue to use the same strategy for applications that we have used earlier in this chapter. The only difference is that in place of translating to get an equation, we can use the simple interest formula.