Question

PLZ HELP ASAP I WILL GIVE BRAINIEST TO FIRST PERSON TO ANSWER. question: Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of money, P, for t years at r rate. She transforms the equation to isolate P : P = P : P = (I/rt). Using this formula, what is the amount of money, P, that will generate $20 at a 5% interest rate over 5 years?

Answer 1

Answer:

P = I/rt       you are looking for P

                 you are given :      I =20    r = .05  (this is 5%)  and t = 5 years

Step-by-step explanation:

Answer 2

P=I/RT
P=20/(0.05*5)
P=20/(0.25)
P=80

It is $80