Answer:
Option C. r = (27 – P)/3P
Step-by-step explanation:
The following data were obtained from the question:
A = 27
t = 3
r =?
А = P(1 + rt)
With the above formula, we can obtain the value of r as follow
А = P(1 + rt)
27 = P(1 + 3r)
Divide both side by P
27/P = 1 + 3r
Subtract 1 from both side
27/P – 1 = 1 – 1 + 3r
27/P – 1 = 3r
(27 – P)/P = 3r
Divide both side by 3
r = (27 – P)/P ÷ 3
r = (27 – P)/P × 1/3
r = (27 – P)/3P
