Question

Felicia invested money at an interest rate of 4%. After six months, she had earned $90.00 interest. How much money did Felicia invest?

I = prt
90 = p(0.04)(0.5)
90 = p(0.02)
p = _________ dollars

Answer 1

To make it easier here is tha answer 4,500

Answer 2

The formula is
I=prt
I interest earned 90
P amount invested?
R interest rate 0.04
T time 6/12
Solve the formula for p
P=I÷rt
P=90÷(0.04×(6÷12))
P=4,500 ....answer