SOLUTION: Solve for the missing item in the following Interest rate: 7.00% Time: 3 3/4 years Simple interest: $350 Principle ?

Algebra ->  Finance -> SOLUTION: Solve for the missing item in the following Interest rate: 7.00% Time: 3 3/4 years Simple interest: $350 Principle ?      Log On


   



Question 1146342: Solve for the missing item in the following
Interest rate: 7.00%
Time: 3 3/4 years
Simple interest: $350
Principle ?

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Solve for the missing item in the following
Interest rate: 7.00%
Time: 3 3/4 years
Simple interest: $350
Principle ?
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I = P*r*t
P = I/(r*t)