SOLUTION: I need help on this problem please. The formula for simple interest is I=prt a) Solve for p. b)if I = 100, R = 0.02, and T = 2, find the value of P.

Question 833491: I need help on this problem please.
The formula for simple interest is I=prt
a) Solve for p.
b)if I = 100, R = 0.02, and T = 2, find the value of P.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
The formula for simple interest is I=prt
a) Solve for p
p = I/(rt)
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b)if I = 100, R = 0.02, and T = 2, find the value of P
P = I/(rt)
P = 100/(0.02*2) = 100/0.04
P = 2500
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