Question 23709
I = PRT
R=11% = .11
T= 5
I= $467,867.40

Find P:

I = PRT
467867.40 = P*.11*5
467867.40 = P*.55


Divide both sides by .55
{{{467867.40/.55 = (P*.55)/.55}}}

$850,668 =P


R^2 at SCC