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2.3 – Formulas and Problem Solving Objective: I will be able to solve a formula for a specified variable. I will be able to apply formulas to solve problems. Formulas I = PRT Interest = principal x rate x time A = lw Area = length x width d = rt Distance = rate x time C = 2πr Circumference = 2 x π x radius V = lwh Volume = length x width x height Solve V = lwh for h To solve V = lwh, isolate h on one side of the equation. V = lwh V lwh lw lw V h lw Solving equations for a specific variable Step 1: Clear the equation of fractions by multiplying each side of the equation by the least common denominator. Step 2: Use the distributive property to remove grouping symbols such as parentheses. Step 3: Combine like terms on each side of the equation. Step 4: Use the addition property of equality to rewrite the equation as an equivalent equation with terms containing the specified variable on one side and all other terms on the other side. Step 5: Use the distributive property and the multiplication property of equality to isolate the specified variable. Solve: 3y – 2x = 7 for y 3 y – 2x = 7 3y – 2x + 2x = 7 + 2x 3y = 7 +2x 2x 7 y 3 Try It! Solve 2 y + 5 x = 10 for y Solve: A = ½ (B + b)h for b 1 A B b h 2 1 2 A 2 B b h 2 2A (B b ) h 2A Bh bh 2A Bh bh 2 A Bh bh h h 2 A Bh b h Try it! 1 A B b h for B 2 Finding the amount in a savings account Karen just received an inheritance of $10,000 and plans to place all the money in a savings account that pays 5% compounded quarterly to help her son go to college in 3 years. How much money will be in the account in 3 years? 1. Understand – Read and re-read the problem. r A P 1 n nt A = Amount in the account after t years P = principal or amount invested t = time in years r = annual rate of interest n = number of times compounded per year. 2. Translate P = $10,000 r = 5% = 0.05 t = 3 years n = 4 Substitute r A P 1 n nt 0.05 A 10,000 1 4 43 Solve 0.05 A 10,000 1 4 43 A 10,000 1.0125 12 A 10,000 (1.160754518) A 11,607.55 Interpret Ask yourself…Is this a reasonable answer? You try! If $5,000 is invested in an account paying 4% compounded monthly, determine how much money will be in the account in 2 years. Finding Cycling Time The fastest average speed by a cyclist across the continental United States is 15.4mph, by Pete Penseyres. If he traveled a total distance of about 3107.5 miles at this speed, find his time cycling. Write the time in days, hours, and minutes. 1. Understand Read and re-read the problem. Appropriate formula: d = rt d = distance traveled r = rate t = time 2. Translate d = 3107.5 miles r = 15.4 mph Need to find time Substitute d = rt 3107.5 = 15.4t t 201.79 You try! If a distance of 567 miles at a speed of 52.5 mph, find the time.