Chapter 2: Q29. (page 78)

Translate the following sentence into a formula:
“Simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t”.

Short Answer

Expert verified

The formula is $I = p \times r \times t$ .

Step by step solution

Step 1. Given information.

The given sentence is:

Simple interest is computed by finding the product of the principal amount, the interest rate, and the time.

Step 2. Write the variable.

Consider the Simple interest be I.

Also, consider the principal amount be p, the interest rate is r, and the time t.

Step 3. Write the expression.

The expression for the product of the principal amount p, the interest rate r, and the time t is $p \times r \times t$ .

Step 4. Write the formula.

Since the simple interest is equal to $p \times r \times t$ ,

Therefore,

$I = p \times r \times t$

This is the required formula.

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Translate the following sentence into a formula:
“Simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t”.

Short Answer

Step by step solution

Step 1. Given information.

Step 2. Write the variable.

Step 3. Write the expression.

Step 4. Write the formula.

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Translate the following sentence into a formula:“Simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t”.

Short Answer

Step by step solution

Step 1. Given information.

Step 2. Write the variable.

Step 3. Write the expression.

Step 4. Write the formula.

One App. One Place for Learning.

Most popular questions from this chapter

Recommended explanations on Math Textbooks

Pure Maths

Probability and Statistics

Decision Maths

Logic and Functions

Geometry

Discrete Mathematics

Study anywhere. Anytime. Across all devices.

Translate the following sentence into a formula:
“Simple interest is computed by finding the product of the principal amount p, the interest rate r, and the time t”.