Question

The simple interest formula I equals p times r times t gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Hector need to invest at a rate of 2% in order to earn $25 interest in 3 years?

about $417

about $42

about $25

about $1.50

Answer 1

D i think

Answer 2

"Hector need to invest at a rate of 2% in order to earn $25 interest in 3 years?"
^
principal

or how much should the Principal (original amount) be in order to get $25 at 2%

t = 3 r = 2% => \(\frac{2}{100}\) i = 25

i = prt <---- solve for "p" and plug in your values

Answer 3

is d right

Answer 4

hmm what did you get for the equation for "p"?

Answer 5

i going to say $1.50