Question 213866
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 = {{{1120/1.6}}}
P = $700
;
:
Is this true:
700 + (700*.1*6) = 1120