Question

Yo, can someone help me out?

The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Tanya need to invest at a rate of 8% in order to earn $800 interest in 5 years?

Answer 1

800 = p * 0.08 * 5

Solve for p =

Answer 2

? how do i solve

Answer 3

Divide both sides by 0.08.

Then divide both sides by 5.

Let me know what you get.

Answer 4

Divide what? 800?

Answer 5

Yes.

Answer 6

is it 2,000?

Answer 7

Yes.