Find the missing value. I = $95.00 P = ? r = 5% t = 4 years

$0.21
$475.00
$237.50
$4.75

Question

Find the missing value. I = $95.00 P = ? r = 5% t = 4 years
 		
	$0.21
	$475.00
	$237.50
	$4.75

anonymous · Answer

I = P * R * T (The formula is used to calculate simple interest) I mostly need help checking my work. :P

anonymous · Answer

I = P * R * T
95 =  P * 0.05 * 4
(95/ 0.05 = 1900)
1900 = P *4
(1900/4 = 475)
475 = P 
Therefore, the answer is B... correct?

freckles · Answer

$$I=P R T \implies P=\frac{I}{RT} \ P=\frac{95}{.05 \cdot 4}=\frac{95}{.2}$$
your answer is right

freckles · Answer

great job 
and i think it is totally cool you showed your work
go you! :)

anonymous · Answer

Aye, thanks. I'm never too confident in myself. :P Have a great day, dude.

freckles · Answer

and your work does look awesome by the way
every step is done really well

anonymous · Answer

attachment

anonymous · Answer

5000 = P x 0.025 x 1
(5000/ 0.025 = 200000)
200000 = P x 1
200000 = P
?

anonymous · Answer

Just a follow up question. ;P