Question 3 Unsaved The formula for calculating simple interest relates the amount of interest, I, to the principal, p, the inter
est rate, r, and the time, t. It is represented by the following equation. I=prt Which equation can be used to find the principal if you know the amount of interest earned, the interest rate, and the time?
Look carefully: you'll see that each new term is the sum of the previous two terms. The 3rd term is 0 + 1, or 1. The 4th term is 1 + 1, or 2. The 8th term is the sum of 5 and 8, or 13.
