sabranay sabranay
  • 21-10-2016
  • Mathematics
contestada

Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of money, P, for t years at r rate. She transforms the equation to isolate P : P =l/rt . Using this formula, what is the amount of money, P, that will generate $20 at a 5% interest rate over 5 years?

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apologiabiology
apologiabiology apologiabiology
  • 21-10-2016
P=I/RT
P=20/(0.05*5)
P=20/(0.25)
P=80

it is $80
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