SOLUTION: solve A=P+Prt for P, given that A=$1120, r=10%, and t=6 years

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Question 213866: solve A=P+Prt for P, given that A=$1120, r=10%, and t=6 years
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
solve A=P+Prt for P, given that A=$1120, r=10%, and t=6 years
:
P + Prt = 1120
P + P*.10*6 = 1120
P + .6P = 1120
1.6P = 1120
P = 1120%2F1.6
P = $700
;
:
Is this true:
700 + (700*.1*6) = 1120