Question

Solve the formula I=Prt to find the principal, P, when I=$5,600, r=4%, and t=7 years.

Answer 1

Answer:

p=4375.00

Step-by-step explanation:

P=A / ( 1 + rt)

Answer 2

Answer:

20,000

Step-by-step explanation:

1=$5,600,r=4%+=7years

I=prt

5600=p(0.28)

5600/0.28=p(0.28)/0.28

Principal 20,000