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Mathematics 23 Online
OpenStudy (anonymous):

The formula for the amount with simple interest is A = P(1 + rt). Find t if A = 168, P = 150, and r = 0.08.

OpenStudy (eyust707):

ok so first take the letters and replace them with their numbers what do you get?

OpenStudy (anonymous):

I get 168=150(1+0.08t)

OpenStudy (eyust707):

ok now divide both sides by 150

OpenStudy (anonymous):

So I would divide 168/150 and 150/0.08 ?

OpenStudy (eyust707):

168/150 is correct but on the other side you would get (150(1+.08t))/150

OpenStudy (eyust707):

in other word the entire other side has to be divided by 150

OpenStudy (eyust707):

see what i did?

OpenStudy (anonymous):

Yes, I do.

OpenStudy (eyust707):

ok so then theres a lil trick you can do when you have two of the same numbers divided by each other...

OpenStudy (anonymous):

Cancel them out ?

OpenStudy (eyust707):

ding ding ding!!

OpenStudy (eyust707):

=P

OpenStudy (anonymous):

((:

OpenStudy (anonymous):

any trouble isa in Compounding and simple interest??

OpenStudy (eyust707):

so what do you get?

OpenStudy (anonymous):

Well I divided 168/150 = 1.12

OpenStudy (eyust707):

ok.. so thats the left side.. and what about the right side that cancels out

OpenStudy (eyust707):

the two 150's cancel out and you end up with...

OpenStudy (anonymous):

I am cconfused :/

OpenStudy (eyust707):

hehe its ok youll get it ill draw a pic

OpenStudy (anonymous):

Alright. That may help

OpenStudy (eyust707):

|dw:1319756675013:dw|

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