How to do i=prt

The video tutorial explains the use of the formula I = PRT to calculate interest. It covers the components of the formula: interest (I), principal (P), rate (R), and time (T). The tutorial provides real-life examples, such as savings accounts and CDs, to illustrate how interest is accrued over time. It also includes a step-by-step example of solving for time when given the principal, rate, and interest. The tutorial emphasizes the importance of converting percentages to decimals and using calculators for accurate results.

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