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IrinaK [193]
2 years ago
13

In the formula I=P·r·t, what does P stand for? a. Percent: the interest rate expressed as a percentage b. Principal: the amount

of money you initially invested c. Period: how often the interest is calculated d. Payout: how much money you end up with
Mathematics
2 answers:
love history [14]2 years ago
5 0

b. Principal: the amount of money you initially invested

Sergio [31]2 years ago
5 0

Answer:

b. Principal: the amount of money you initially invested

Step-by-step explanation:

We know that,

Simple interest on an amount is calculated by the formula,

I=P.r.t

Where, P is the principal amount that is invested initially,

r is the rate of interest per period,

t is the number of periods.

Hence, P in the given formula must stand for principal amount.

⇒ Option b would be correct.

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