Solve for P: I=prt
How will I solve it? Would the answer be 1/rt or I/rt
To solve for P in the equation I = prt, we can follow these steps:
1. Identify and define the variables:
- I: represents the interest
- P: represents the principal or initial amount of money
- r: represents the interest rate per time period
- t: represents the time period
2. Rearrange the equation to isolate P:
Divide both sides of the equation by (rt):
I / (rt) = (prt) / (rt)
Simplify the equation:
I / (rt) = P
Therefore, P = I / (rt)
Now you have solved for P in the equation I = prt.