SOLUTION: I=$30,P=?,r=6%,t=2 years need to know how to do this

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Question 448761: I=$30,P=?,r=6%,t=2 years
need to know how to do this
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
The formula for simple Interest
I = p*r*t
I=30
r=6%=0.06
t=2
30=p*0.06*2
p=30/(0.06*2)
p=250