Question

i = $125
r = 6%
t = 1

What is p?


$56.25
$2,027.08
$2,083.33

Answer 1

Do you have anymore information?

Answer 2

interest=principal*rate*time

Answer 3

So far you have 125= x*.06*1. We need to solve for x

Answer 4

It makes it easier because we have a one at the end. So now we work backwards.
125/.06 (Make sure to divide not multiply or your answer will be wrong.
So we get 2083.33 repeating.
Now we input that and solve.
125=2083.33*.06*1
125=125*1
125=125
So the answer is $2,083.33

Answer 5

thanku sir

Answer 6

No problem.