Homework Help: Math

Posted by Rebecca Broda on Tuesday, February 22, 2011 at 5:31pm.

What does I=prt mean in 7th grade verison?

Math - Helper, Tuesday, February 22, 2011 at 5:37pm
I = PRT

This is a formula for calculating simple interest.

Interest = Principal * Rate * Time

Example, you put $500 in a saving account, at 3% interest per year.

To find the interest after two years,
P = $500, R = 0.03, T = 2
I = 500 * 0.03 * 2
I = 1000 * 0.03
I = $30
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what is the lowest term of 125/150?
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