SOLUTION: Find P if I=$196, r=10%, and t= 7 years. I=PRT thanks for the help!

SOLUTION: Find P if I=$196, r=10%, and t= 7 years. I=PRT thanks for the help!

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Question 5499: Find P if I=$196, r=10%, and t= 7 years.
I=PRT
thanks for the help!
Answer by CharStar(110) (Show Source): You can put this solution on YOUR website!
Find P if I=$196, r=10%, and t= 7 years.
I=PRT
$196=(p)(.10)(7)
$196=0.7p
Divide 0.7 by $196 = 280

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