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Simple interest can be found by using the formula I= prt, where 1= interest, p=principle, r=rate, and t=time. Solve for principle in terms of rate, time and interest
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Simple interest can be found by using the formula I= prt, where 1= interest, p=principle, r=rate, and t=time. Solve for principle in terms of rate, time and interest

User Mercutio
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1 Answer

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I =PRT

solve for P

divide both sides by RT

I/RT = P

User Nicole Stein
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