Question

The formula for simple interest is I=Prt,I=Prt, where II is the interest earned, PP is the principal, rr is the interest rate and tt is the number of years. Solve the formula for PP in terms of r,r, II and t.t.

Answer 1

Answer:

• $P=\cfrac{I}{rt}$

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Given

• I = Prt

Solve for P

• $I = Prt$
• $\cfrac{I}{rt} = \cfrac{Prt}{rt}$
• $\cfrac{I}{rt} =P$
• $P=\cfrac{I}{rt}$

Answer 2

answer is t = I/pr feel free to press the heart button if it’s correct