Write an algebraic equation for the following problem and then solve it.Bet
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Answered question
2021-09-13
Write an algebraic equation for the following problem and then solve it.
Beth and Mark borrowed $4000 at a simple interest rate of
Write an equation for the interest I earned.
(Do not simplify. Use integers or decimals for any numbers in the expression.)
The interest is $___.
(Simplify your answer.)
Answer & Explanation
Ayesha Gomez
Skilled2021-09-14Added 104 answers
The equation for the interest earned is
where I: Interest
P: Principal
r: Rate of interest
t: Time in years
Step 2
Substitute the given alues in the above expression to find the interest earned.
Step 3
Answer:
The algebraic expression that gives the interest,
The interest obtained after 3 years
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