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OpenStudy (anonymous):
Question 1: Principal ? Interest Rate 10.00% Time in Months 16 Simple Interest $1,047.20
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OpenStudy (goformit100):
First of all @aaronbudurov : A Warm Welcome to 'Open Study'. Please Read CoC (compulsory to read by all "Open Study" users) : http://openstudy.com/code-of-conduct
OpenStudy (anonymous):
interest=(P*T*R)/100 p=principal i=interest r=rate of interest t=time in years
OpenStudy (anonymous):
substituting in above formula the values of i,t,r we get p=$7854
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