Derivation of the Solution

Oct 13, 2025 by magicalceylontours.com 20 views

Solving for Rate in the Formula I = prt

Understanding the Formula

The formula $I = p r t$ is a fundamental equation in mathematics, particularly in the fields of finance, economics, and physics. It represents the relationship between interest, principal, rate, and time. In this equation, $I$ represents the interest, $p$ is the principal amount, $r$ is the rate, and $t$ is the time period.

Solving for Rate

To solve for the rate $r$ , we need to isolate it on one side of the equation. This can be achieved by dividing both sides of the equation by the product of $p$ and $t$ . By doing so, we can rearrange the equation to solve for $r$ .

Derivation of the Solution

Let's start with the original equation:

I = p r t

To solve for $r$ , we need to isolate it on one side of the equation. We can do this by dividing both sides of the equation by the product of $p$ and $t$ . This gives us:

\frac{I}{p t} = r

By rearranging the equation, we can see that the solution for $r$ is:

r = \frac{I}{p t}

Analyzing the Options

Now that we have derived the solution for $r$ , let's analyze the options provided:

A. $r = \frac{I}{p t}$

B. $r = \frac{p t}{I}$

C. $r = \frac{1}{I_{p t}}$

D. $r = I p t$

Based on our derivation, we can see that option A is the correct solution for $r$ . The other options are incorrect, and we can rule them out.

Conclusion

In conclusion, to solve for the rate $r$ in the formula $I = p r t$ , we need to divide both sides of the equation by the product of $p$ and $t$ . This gives us the solution:

r = \frac{I}{p t}

This solution is essential in various fields, including finance, economics, and physics, where understanding the relationship between interest, principal, rate, and time is crucial.

Real-World Applications

The formula $I = p r t$ has numerous real-world applications. For example, in finance, it is used to calculate the interest on a loan or investment. In economics, it is used to analyze the impact of interest rates on economic growth. In physics, it is used to study the motion of objects under the influence of gravity.

Example Problems

Here are a few example problems to illustrate the application of the formula:

A person invests $1,000 at a rate of 5% per annum for 2 years. What is the interest earned?
A company borrows $10,000 at a rate of 8% per annum for 3 years. What is the interest paid?
A ball is thrown upwards with an initial velocity of 20 m/s. What is the maximum height reached if the acceleration due to gravity is 9.8 m/s^2?

Solving Example Problems

To solve these example problems, we can use the formula $I = p r t$ . Let's start with the first problem:

A person invests $1,000 at a rate of 5% per annum for 2 years. What is the interest earned?

Using the formula, we can calculate the interest earned as follows:

I = p r t

I = 1000 \times 0.05 \times 2

I = 100

Therefore, the interest earned is $100.

Conclusion

In conclusion, the formula $I = p r t$ is a fundamental equation in mathematics, particularly in the fields of finance, economics, and physics. To solve for the rate $r$ , we need to divide both sides of the equation by the product of $p$ and $t$ . This gives us the solution:

r = \frac{I}{p t}

This solution has numerous real-world applications, and understanding it is essential in various fields.
Frequently Asked Questions (FAQs) about Solving for Rate in the Formula I = prt

Q: What is the formula I = prt, and what does it represent?

A: The formula I = prt represents the relationship between interest, principal, rate, and time. It is a fundamental equation in mathematics, particularly in the fields of finance, economics, and physics.

Q: How do I solve for rate (r) in the formula I = prt?

A: To solve for rate (r), you need to divide both sides of the equation by the product of p and t. This gives you the solution:

r = I / pt

Q: What is the difference between interest (I) and principal (p)?

A: Interest (I) is the amount earned on an investment or loan, while principal (p) is the initial amount invested or borrowed.

Q: What is the rate (r) in the formula I = prt?

A: The rate (r) is the percentage of interest earned per time period. It is usually expressed as a decimal.

Q: How do I calculate the interest earned using the formula I = prt?

A: To calculate the interest earned, you need to multiply the principal (p) by the rate (r) by the time (t). This gives you the interest earned:

I = p * r * t

Q: What is the time (t) in the formula I = prt?

A: The time (t) is the length of time for which the interest is earned. It is usually expressed in years.

Q: Can I use the formula I = prt to calculate the rate (r) if I know the interest (I), principal (p), and time (t)?

A: Yes, you can use the formula I = prt to calculate the rate (r) if you know the interest (I), principal (p), and time (t). To do this, you need to rearrange the formula to solve for r:

r = I / (p * t)

Q: What are some real-world applications of the formula I = prt?

A: The formula I = prt has numerous real-world applications, including:

Calculating interest on loans and investments
Analyzing the impact of interest rates on economic growth
Studying the motion of objects under the influence of gravity

Q: Can I use the formula I = prt to calculate the interest earned on a loan or investment with a variable rate?

A: No, the formula I = prt assumes a fixed rate. If you have a variable rate, you will need to use a different formula or method to calculate the interest earned.

Q: What is the formula for calculating the interest earned on a loan or investment with a variable rate?

A: The formula for calculating the interest earned on a loan or investment with a variable rate is more complex and depends on the specific terms of the loan or investment. You may need to use a financial calculator or consult with a financial advisor to determine the interest earned.

Q: Can I use the formula I = prt to calculate the interest earned on a loan or investment with a compounding interest rate?

A: No, the formula I = prt assumes simple interest. If you have a compounding interest rate, you will need to use a different formula or method to calculate the interest earned.

Q: What is the formula for calculating the interest earned on a loan or investment with a compounding interest rate?

A: The formula for calculating the interest earned on a loan or investment with a compounding interest rate is more complex and depends on the specific terms of the loan or investment. You may need to use a financial calculator or consult with a financial advisor to determine the interest earned.

Conclusion

In conclusion, the formula I = prt is a fundamental equation in mathematics, particularly in the fields of finance, economics, and physics. To solve for rate (r), you need to divide both sides of the equation by the product of p and t. This gives you the solution:

r = I / pt

This formula has numerous real-world applications, and understanding it is essential in various fields.