Use the simple interest formula. p=? r=8%, t=3 months, i=$44 what is the answer for the principal?

asked Jan 19, 2015 91.2k views

2 votes

Use the simple interest formula.

p=? r=8%, t=3 months, i=$44 what is the answer for the principal?

8.8k points

Please log in or register to add a comment.

3 votes

I=PRT
8%/100=.08
$44=P(3)(.08)
14.67=P(.08)
P=183.33333333

Lcn answered Jan 19, 2015

by Lcn

8.8k points

3 votes

I=PRT
where I=interest
P=principal (amount invested)
R=rate
T=time period
44=P*8%*3
44=P*0.24
P=44/0.24
P=183.333333 (repeating decimal)

8.0k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers