document.write( "Question 1028292: Hi I'm finding it hard to convert decimals. \r
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document.write( "After 4 years of investments, you earned $252.00 in simple interest. The annual rate of interest was 5.25%, how much was your initial investment principal?\r
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document.write( "I'm trying to use the formula I=PRT
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document.write( "252.00=P(5.25)(4)
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document.write( "252.00=P(21)
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document.write( "252/21=12\r
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document.write( "Is the initial principle $1200? \n" );
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Algebra.Com's Answer #643513 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! You made the mistake of representing the interest \n" ); document.write( "as a % in the formula. You must express it as a decimal \n" ); document.write( "5.25 % = \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The principle was $1,200 \n" ); document.write( " |