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OpenStudy (anonymous):
Which variable in the simple interest equation I=prt represents the original amount of money borrowed or invested?
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OpenStudy (johnweldon1993):
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...?
OpenStudy (johnweldon1993):
Sorry kept the numbers in there from last time too lol
OpenStudy (anonymous):
i
OpenStudy (johnweldon1993):
Not quite...just reread 'P' for me....
OpenStudy (anonymous):
so than its p
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OpenStudy (johnweldon1993):
It is....P represents the original amount invested / borrowed
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