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Mathematics 12 Online
OpenStudy (anonymous):

Can you please explain to me what I=PRT does?

jimthompson5910 (jim_thompson5910):

I = PRT is the simple interest formula

jimthompson5910 (jim_thompson5910):

I = interest P = principal (ie amount invested or loaned out) R = interest rate T = time

OpenStudy (anonymous):

The interest is the amount invested times the interest rate times the time elapsed.

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