SOLUTION: i know that i=prt find the principal the acellus site showed how to find the interest rate and how to find the time and how to find how much interest there is but it did not show
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Question 1023380: i know that i=prt find the principal the acellus site showed how to find the interest rate and how to find the time and how to find how much interest there is but it did not show how to find the principal the problem is i=450 r=0.09 and the time is 10 years what is the principal
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Since I = Prt, we can find the principal by dividing by rt...thus
P = I/rt = 450/(.09*10) = $500
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