Literal Equations
Assignment
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Practice solving and using literal equations.
Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest
on an amount of money, P, for t years at rrate. She transforms the equation to isolate P:P:
Using this formula, what is the amount of money, P, that will generate $20 at a 5%
interest rate over 5 years?