Sunday

February 1, 2015

February 1, 2015

Posted by **K8T** on Tuesday, October 28, 2008 at 9:11pm.

The formula I=prt gives the amouunt of simple interest I earned by principal p at an annual interest rate r over t years. Solve this formula for p.

B. Find p if r=0.035, t=4, and I=$420.

c. Writing.. That does the value p mean in your answer to part B

- algebra -
**jess**, Tuesday, October 28, 2008 at 9:30pmits simple just plug r,t and i

the it would be:-

i = ptr

420 = p*4*0.035

420= .14p

p= 420/.14

p=3000

so p would probably be $3000

**Answer this Question**

**Related Questions**

algebra - The formula I=PRT gives the amount of simple interest I earned by ...

math - a formula for calculating simple interest is I = Pr, were I is the ...

Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...

algebra - A total of $6200 is deposited into two simple interest accounts. On ...

Math - How do I do this? -- can anyone give me a formula to find the answers? ...

algebra - A principal of $5000 was invested in a savings account for 4 years. If...

math,algebra - Is this correct Business and finance. The simples interest I on a...

Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...

Math - Find the interest if $ 9,000 is invested at an annual simple interest ...

pre algebra - Find the amount of simple interest earned in 3 years. Principal: $...