Match the information about interest earned with the principal amount invested. Remember the equation for calculating simple interest is I equals p times r times t.
Q)forty dollars over 4 years at an interest rate of two percent
A) p equals five hundred dollars
B) p equals seven hundred dollars
C) p equals four hundred dollars
D) p equals six hundred dollars

Question

Match the information about interest earned with the principal amount invested. Remember the equation for calculating simple interest is I equals p times r times t.
Q)forty dollars over 4 years at an interest rate of two percent
A) p equals five hundred dollars
B) p equals seven hundred dollars
C) p equals four hundred dollars
D) p equals six hundred dollars

anonymous · Answer

@skullpatrol

lncognlto · Answer

I = p x r x t
therefore p = I/(r x t)
Substituting in the given values of I, r, and t gives us: p = 40/(0.02 x 4).
This solved should give the principal value...