Rate is equal to interest divided by the principal times time.

Question

True or False?

Answer 1

Be careful about this kind of stuff when you are writing Math in terms of English - parentheses and meaning start to fall away if you aren't careful. Do you mean

 

R = I/P*t

 

or

 

R = I/(P*t)

?

 

The latter is correct. The former is not.