7/8 Math URGENT!!! PLZ HELP!! ANYONE????
posted by Christabelle .
Could ANYONE please explain this formula to me and what the words mean...
I=prt (Intrest= principle x rate x time)

7/8 Math URGENT!!! PLZ HELP!! ANYONE???? 
Ms. Sue
Let's suppose you borrow $500 from your parents. That's the principal. They charge you 2% annual interest. You pay them back at the end of two years.
I = 500 * 0.02 * 2
Multiply to find the amount of interest you'll pay. 
7/8 Math URGENT!!! PLZ HELP!! ANYONE???? 
Christabelle
Your a lifesaver! thank you so much!!

7/8 Math URGENT!!! PLZ HELP!! ANYONE???? 
Ms. Sue
You're very welcome!
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