Question

Which variable in the simple interest equation I=prt represents the original amount of money borrowed or invested?

Answer 1

As I showed in my last post

I = interest earned (final balance - current balance) (700 - 500)
P = principal / original amount
R = interest rate in decimal form (4% = .04)
T = time in years

So which is it...?

Answer 2

Sorry kept the numbers in there from last time too lol

Answer 3

i

Answer 4

Not quite...just reread 'P' for me....

Answer 5

so than its p

Answer 6

It is....P represents the original amount invested / borrowed