Question

FINDING AN AMOUNT OF TIME Find the amount of time. 19. $I = \$30, P = \$500, r = 3\% 20. $I = \$720, P = \$1000, r = 9\% 21. $I = \$54, P = \$800, r = 4.5\% 22. $I = \$450, P = \$2400, r = 7.5\%

          FINDING AN AMOUNT OF TIME Find the amount of time.
19. $I = \$30, P = \$500, r = 3\%
20. $I = \$720, P = \$1000, r = 9\%
21. $I = \$54, P = \$800, r = 4.5\%
22. $I = \$450, P = \$2400, r = 7.5\%

Added by Willie R.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Jaseem Mukthar

06/23/2022

Step 1

Step 2: For problem 19, we have I = $30, P = $500, and r = 3%. Plug these values into the formula and solve for t: $30 = $500 * 0.03 * t $30 = $15t t = $30 / $15 t = 2 years Step 3: For problem 20, we have I = $720, P = $1000, and r = 9%. Plug these values into Show more…

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FINDING AN AMOUNT OF TIME Find the amount of time. 19. I=$30,P=$500,r=3% 20. I=$720,P=$1000,r=9% 21. I=$54,P=$800,r=4.5% (22) I=$450,P=$2400,r=7.5% FINDING AN AMOUNT OF TIME Find the amount of time. 19.I=$30,P=$500,r=3% 20.I=$720,P=$1000,r=9% 21.I=$54,P=$800,r=4.5% I=$450,P=$2400,r=7.5%