document.write( "Question 765806: What is the principal if the simple interest is 250.00 ,the annual interest rate is 5% and the time is 3 years? \n" ); document.write( "
Algebra.Com's Answer #466445 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! What is the principal if the simple interest is 250.00 ,the annual interest rate is 5% and the time is 3 years? \n" ); document.write( "-------- \n" ); document.write( "I = Prt \n" ); document.write( "----- \n" ); document.write( "250 = P*0.05*3 \n" ); document.write( "-------- \n" ); document.write( "250 = 0.15P \n" ); document.write( "------ \n" ); document.write( "P = 250/0.15 \n" ); document.write( "---- \n" ); document.write( "P = $1666.67 \n" ); document.write( "==================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |