Wiggles

Mathematics

6 June, 07:14

Practice solving and using literal equations.

Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of

money, P. for t years at rrate. She transforms the equation to isolate P P = Using this formula, what is the

amount of money, P, that will generate $20 at a 5% interest rate over 5 years?

What's the answer