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Volgvan
2 years ago
7

Solve I = Prt for P when I = 5,480, r = .04, and t = 7.

Mathematics
2 answers:
il63 [147K]2 years ago
6 0

Answer: P = 19,571.42857142857

Step-by-step explanation:

Plug in the variables.

5480 = x(.04)(7)

.04*7=.28

5480=.28x

.28x/.28=x

5480/.28=19,571.42857142857

19,571.42857142857(.04)(7)=5480

P = 19,571.42857142857

Serhud [2]2 years ago
3 0

Answer:

19571.43

Step-by-step explanation:

We are asked to solve for P using formula I=Prt, when I=5480; r=0.04\text{ and }t=7.

Upon substituting our given values in simple interest formula, we will get:

5480=P*0.04*7

5480=P*0.28

Switch sides:

P*0.28=5480

Now, we will divide both sides of our given equation by 0.28 as:

\frac{P*0.28}{0.28}=\frac{5480}{0.28}

P=19571.42857

P\approx 19571.43

Therefore, the principal amount (P) is approximately 19571.43.

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Answer:

The correct option is 3.

Step-by-step explanation:

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EXPLANATION

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