Question

How much does Yusuf need to invest at a rate of 6% in order to earn $150 interest in 5 years?

Answer 1

I=P*R*T

Answer 2

Hint: Solve for P

P=IRT

I = 150
R = .06
T = 5

Answer 3

@Trai7
When you write "solve for P" you should mean to solve the equation correctly for P, not just rearrange it incorrectly with P equaling something.

Answer 4

ok

Answer 5

Im so confused :/

Answer 6

I keep coming up with 500$. I think that that is correct.

Answer 7

\(I = PRT\)

\(P = \dfrac{I}{RT}\)

Answer 8

Correct

Answer 9

ok ty

Answer 10

You are correct.

\(P = \dfrac{I}{RT} = \dfrac{$150}{0.06 \times 5} = $500\)

Answer 11

I was right WOO