# SOLUTION: which formula represents the interest I earned after the first month of an account that compounds monthly? p= principal r= interest rate a. I = p*R b. p=I*r /12 c I = P*R /1

Algebra ->  Algebra  -> Average -> SOLUTION: which formula represents the interest I earned after the first month of an account that compounds monthly? p= principal r= interest rate a. I = p*R b. p=I*r /12 c I = P*R /1      Log On

 Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help! Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

 Algebra: Average Solvers Lessons Answers archive Quiz In Depth

 Question 626534: which formula represents the interest I earned after the first month of an account that compounds monthly? p= principal r= interest rate a. I = p*R b. p=I*r /12 c I = P*R /12 d P=R*I /12Answer by stanbon(57984)   (Show Source): You can put this solution on YOUR website!which formula represents the interest I earned after the first month of an account that compounds monthly? p= principal r= interest rate ----- Ans: I = P(R/12) ======================================= Cheers, Stan H. =================== a. I = p*R b. p=I*r /12 c I = P*R /12 d P=R*I /12