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melomori [17]
3 years ago
11

Alice earns simple interest of $120 at an annual interest rate of 6% for the period of 1 year. What equation shows the relations

hip between principal amount (p), rate of interest (r), period of investment in years (t), and interest earned (i).
Mathematics
2 answers:
GalinKa [24]3 years ago
7 0

i = \frac{prt}{100}

with i = 120 then

p = \frac{100(120)}{6} = $2000



lilavasa [31]3 years ago
5 0

Answer:

120 = p × 6% × 1


Step-by-step explanation:

just put in the answer

then it will be correct


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