SOLUTION: Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr

Algebra ->  Algebra  -> Proportions  -> Lessons  -> Proportions -> SOLUTION: Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr      Log On

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Question 224301: Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr
Answer by rfer(10432) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
P=I/rt
P=262.09/(.043*3)
P=262.09/.129
P=$2031.71