ybf ybf
  • 14-09-2017
  • Mathematics
contestada

What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5 years?

$60
$80
$90
$100

Respuesta :

lroyelpa
lroyelpa lroyelpa
  • 14-09-2017
remember that you can do anything to an equation as long as you do it to both sides

so
I=PRT
divide both sides by RT
=P

P=?
I=40
R=10%=0.1
T=5
plug it in
=P
=P
80=P

answer is B, $80
Answer Link
Tofye4yu Tofye4yu
  • 18-12-2020

Answer: B

Step-by-step explanation:

Answer Link

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