SOLUTION: I=Prt I do not understand this question, I hope someone can figure this out for me. Thanks!

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Question 80697: I=Prt I do not understand this question, I hope someone can figure this out for me. Thanks!
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
The formula says "Interest paid on P-amount of money is
P times the rate (like 5%) times the time (like 2 years).
This is a Simple Interest formula.
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Cheers,
Stan H.