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Use the formula for simple interest, I = Prt, to find the indicated quantity.

I=$36; r = 8%; t= 3 months; P=?

User EmmanuelB
by
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2 Answers

5 votes

Answer:

Explanation:

We are trying to solve for P

if I = Prt

P = I/rt

P = 36/ 0.08 ( we take 8 percent as a out of 100 8/100) * 0.25 (3 months is a 1/4 of a year)

P = 1800

User Tobbe
by
8.0k points
3 votes

Answer:

Explanation:

Use the formula for simple interest, I = Prt, to find the indicated quantity. I=$36; r-example-1
User Tapananand
by
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