Question

i = $125
r = 6%
t = 1

What is p?
$56.25
$2,027.08
$2,083.33

Answer 1

okay now with this one i did what i did last time and didnt get the answer?

Answer 2

Maybe you did it wrong the last time as well.

Answer 3

What is the equation that you use to solve for p?

Answer 4

well i multiplied it

Answer 5

Obviously that's wrong. What equation does your book give you?

Answer 6

125times6%times1=7.5

Answer 7

Ok then the answer is 7.5

Answer 8

its an online lesson no book

Answer 9

you work backwards here

Answer 10

You can't work any way because we have no equation

Answer 11

you already have i so you take your % and multiply each one of the given answers to get 125

Answer 12

do you understand what im saying?

Answer 13

the last one

Answer 14

Can someone give me the equation?

Answer 15

i = r * t * p

Answer 16

Ok we want to find P so we isolate P in the equation
i = r * t * p
i /r*t= p ----We divide r and t to both sides.

Answer 17

Now we have the equation to solve for p
(i)/(r*t) = p

Answer 18

You are given i r t
plug them in and solve it