Ask Question
28 January, 01:16

The formula for interest is I=Prt. Describe what these letters stand for. Is the formula the same if you are charged interest on a purchase, like when you earn money in a savings account? Once you have the numbers, how do you solve the formula for interest?

+3
Answers (1)
  1. 28 January, 01:39
    0
    I stand for interest

    P stand for principle

    R stand for rate

    T stand for time

    There are the same.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The formula for interest is I=Prt. Describe what these letters stand for. Is the formula the same if you are charged interest on a ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers