posted by Rebecca Broda .
What does I=prt mean in 7th grade verison?
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
what is the lowest term of 125/150?
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