# Math

posted by .

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

• Math -

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

• Math -

what is the lowest term of 125/150?

• Math -

How do you convert 8 and four ninths into a decimal

## Similar Questions

1. ### math,help

can someone help me with this i am lost now i've been doing math for the past 8 hrs. Problem # 1 solve: 4(x-10)-3x=x-40 Problem # 2 solve for t: a = p + prt Problem#3 translate to an algebraic equation 7 less than the quotient of a …
2. ### Math is this right

Solve for t: I= Prt I/pr = prt/pr I/pr=t

We are learning rational numbers in math. What does N W Z Q and Q1 mean?

what does punt mean and what does Thebes mean
5. ### help

can someone help me with the pythagorean theorem?

Can you check these simple interest problems?