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viktelen [127]
4 years ago
13

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?
Mathematics
1 answer:
adelina 88 [10]4 years ago
8 0
The formula is
\frac{i}{rt}
for example
we know that the interest 175.50
we know that the rate is 6.5=.065
we know that the time is 2 years
so....
\frac{175}{(.065)(2)}
\frac{175}{.13}
= 1346.15




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