Jhon has $200 caleb had $800 joan has $100 who has the most
2 answers:
You might be interested in
we know that
The simple interest formula is equal to
where
P is the Principal amount of money to be invested
I is the amount of money in interest
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above and solve for P
therefore
<u>the answer is</u>