Find the amount of time. I = $174, P = $1450, r = 8%

Answers

Answer 1

Answer:

1.5

Step-by-step explanation:

first you multiply 1450 by 8% to get 116 then divide 174 by 116 to get 1.5

Answer 2
The amount of time will be "1.5".

Given:

I = $174P = $1450r = 8% or, 0.08

As we know the formula,

→     [tex]P = \frac{I}{rt}[/tex]

By substituting the values, we get

→ [tex]1450 = \frac{174}{0.08\times t}[/tex]

By applying cross-multiplication, we get

→  [tex]116t = 174[/tex]

        [tex]t = \frac{174}{116}[/tex]

          [tex]= 1.5[/tex]

Thus the above approach is correct.          

Learn more about time here:

https://brainly.com/question/23511110


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