Question 45864
<pre><font size = 4><b>Find the amount borrowed for a load with I=$171.24,r=10.3%, t=1.25 years.
My answer is $1330.00 could this be right.  Thanks

I = Prt

P = I/(rt)

P = 171.24/(.103×1.25)

P = 1330.019417

so P = $1330.02

Edwin</pre>