SOLUTION: Solve i=prt for P , given that r =8%. t=1 year , and i=$40

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Question 309788: Solve
i=prt
for P , given that r =8%. t=1 year , and i=$40
Answer by palanisamy(496) About Me  (Show Source):
You can put this solution on YOUR website!
i=prt
40=p*0.08*1
p=40/(0.08)
p=$ 500