46.4k views
3 votes
I =125 r=6% t=1 what is p

User Ageonix
by
8.1k points

2 Answers

3 votes
There is no P in here, you can't solve for P without a P, Or I just don't get the question.
User Metavida
by
8.8k points
3 votes

I = $125, r = 6% = 0.06, t = 1 year

I = prt

prt = I

p = I/rt

p = 125/(0.06*1)

P = $2083.33

User Peter Lange
by
7.5k points