SOLUTION: What is the principal if the interest is $1,840 (8% for 10 years) I = $1840 P = r = 8% t = 10

SOLUTION: What is the principal if the interest is $1,840 (8% for 10 years) I = $1840 P = r = 8% t = 10

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Question 693769: What is the principal if the interest is $1,840 (8% for 10 years)
I = $1840
P =
r = 8%
t = 10

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
(1.08)^10=2.15892
1840/2.15892=$852.28
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