Scribd Logo
Upload

Welcome to Scribd!

  • 679 views

    Manipulating The Simple Interst Formula

    Uploaded by

    api-295241336
    This document discusses how to manipulate the simple interest formula to solve for unknown variables. The simple interest formula is I=Prt, where I is interest, P is principal, r is the interest rate, and t is time. To solve for a different unknown variable, the formula must be rearranged by applying the same operation to both sides, such as dividing both sides by Pr to isolate t. The document provides examples of rearranging the formula to solve for time, rate, and principal. Rules are outlined for manipulating formulas by adding, subtracting, multiplying, or dividing both sides of the equation equally.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Manipulating The Simple Interst Formula

    Uploaded by

    api-295241336
    679 views6 pages
    This document discusses how to manipulate the simple interest formula to solve for unknown variables. The simple interest formula is I=Prt, where I is interest, P is principal, r is the interest rate, and t is time. To solve for a different unknown variable, the formula must be rearranged by applying the same operation to both sides, such as dividing both sides by Pr to isolate t. The document provides examples of rearranging the formula to solve for time, rate, and principal. Rules are outlined for manipulating formulas by adding, subtracting, multiplying, or dividing both sides of the equation equally.

    Original Title

    manipulating the simple interst formula

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses how to manipulate the simple interest formula to solve for unknown variables. The simple interest formula is I=Prt, where I is interest, P is principal, r is the interest rate, and t is time. To solve for a different unknown variable, the formula must be rearranged by applying the same operation to both sides, such as dividing both sides by Pr to isolate t. The document provides examples of rearranging the formula to solve for time, rate, and principal. Rules are outlined for manipulating formulas by adding, subtracting, multiplying, or dividing both sides of the equation equally.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    679 views6 pages

    Manipulating The Simple Interst Formula

    Uploaded by

    api-295241336
    This document discusses how to manipulate the simple interest formula to solve for unknown variables. The simple interest formula is I=Prt, where I is interest, P is principal, r is the interest rate, and t is time. To solve for a different unknown variable, the formula must be rearranged by applying the same operation to both sides, such as dividing both sides by Pr to isolate t. The document provides examples of rearranging the formula to solve for time, rate, and principal. Rules are outlined for manipulating formulas by adding, subtracting, multiplying, or dividing both sides of the equation equally.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    MANIPULATING THE SIMPLE

    INTERST FORMULA
    Mrs Finlay
    September 2015

    Simple interest formula is:


    I=Prt

    This basic formula for simple interest-only finds I, the


    simple interest
    where P is the Principal amount of money to be
    invested
    at an Interest Rate R% per period for
    t Number of Time Periods.
    Where r is in decimal form; r=R/100.

    If we want to find some other part of the formula that we


    do not know we have to change the order of the formula.
    If we know the principal, the rate, the amount of interest
    but not the time we need to rearrange the formula so that
    time is by itself.
    If a question told you that the interest was $200, the
    principal was
    $20.000 and the rate was 1.5% the question may ask you
    to calculate or solve for time.
    To do this we need to rearrange the formula I=Prt.
    We need the t by itself. We divide the Prt by Pr so that t
    is left by itself and what we do to one side of the formula
    we do exactly the same to the other so the I is also
    divided by Pr, or multiplied by the reciprocal. Our new

    The rules we applied on the first formula change we now apply


    again to change the formula so we can find r if a question went
    as follows:
    Mary invested $3000 in a GIC for 3 years that paid out interest
    of $78.50 each year. What is the rate on this investment
    The formula is I=Prt.
    We want the r by itself so we multiply each side by the
    reciprocal of Pt and we get r = I / Pt
    The solution would be r=$78.50 divided by $3000 x 1
    Answer Interest rate is 2.62% rounded to the nearest decimal

    To find the principal in a simple interest


    question we again need to get P by itself. To
    do this we look at the formula
    I=Prt and now know that we need to multiply
    each side by the reciprocal of rt which leave
    us with the finished formula P = I / rt

    Rules for manipulating formulas.


    RULE #1: you can add, subtract, multiply and divide by anything, as long as you do
    the same thing to both sides of the equals sign. In an equation, the equals sign
    acts like your mother saying Share equally: if you add 5 of something to one side of the
    balance, you have to add the same amount to the other side to keep the balance steady.
    The same thing goes for an equation - doing the same operation to both sides keeps the
    meaning of the equation from changing.
    RULE #2: to move or cancel a quantity or variable on one side of the equation, perform
    the "opposite" operation with it on both sides of the equation. For example if you had
    g-1=w and wanted to isolate g, add 1 to both sides (g-1+1 = w+1). Simplify (because (1+1)=0) and end up with g = w+1.
    Remember you are trying always to get the unknown variable by itself on one side of the
    equals sign and all the other variables on the other side eg. 6x + 4 = 76. Solve x
    To solve this question we want x by itself. First we subtract 4 from each side to give us
    6x+4-4=76-4
    We now have 6x = 72
    Divide each side by 6 so that 6x/6 = 72/6
    Answer x = 12

    You might also like