SOLUTION: Use the formula for simple interest, I = prt. Find p if I = $184.28, r = 4.1%, and t = 2 yr.
Algebra.Com
Question 257337: Use the formula for simple interest, I = prt. Find p if I = $184.28, r = 4.1%, and t = 2 yr.
Answer by unlockmath(1688) (Show Source): You can put this solution on YOUR website!
Hello,
Let's plug in the numbers into the formula:
I = prt. Find p if I = $184.28, r = 4.1%, and t = 2 yr
184.28=p(.041)(2) This can be rewritten as:
184.28=.082p Divide each side by .082 to give us:
p=2247.317 Round off to 2247.32
There we go the principal (amount) is:
$2247.32
Make sense?
RJ
Check out a new book:
www.math-unlock.com
RELATED QUESTIONS
Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3... (answered by rfer)
11.
Use the formula for simple interest, I = prt. Find p if I = $184.28, r = 4.1%, and (answered by stanbon,rfer)
Can anyone please help me with this problem?
1. The formula for simple interest is... (answered by Alan3354)
I need help on this problem please.
The formula for simple interest is I=prt
a) Solve (answered by Alan3354)
use i=prt, the formula for simple interset over t years, to find i when p=$2000,r=6%, and (answered by rfer)
Use the simple interest formula to find the principal if the
total interest earned was (answered by ankor@dixie-net.com)
Elaluate the formula I=PRT for P= 2500, r=3/50, and T= 1... (answered by checkley71)
the formula for intrest is I=prt. If p=$3500, t=2 years and I=$595, find... (answered by checkley77,Mathtut)
Solve the simple interest formula I=Prt for... (answered by Alan3354)