Question

Complete the table below by finding the unknown principal P, rater, time t, and interest /.

Principal P

(a)

480,000

250,000

980,000

Rate r

6%

(b)

5.5%

0.8%

Time t

10

15

(c)

3.5

Interest /

9,000

180,000

68,750

(d)

12

Answer 1

use these formulas to solve

Explanation:

Principal( P) = interest / rate x time

Rate (R) = intrest / principal x time

Intrest (I) = PRT