Question

Alice earns simple interest of $120 at an annual interest rate of 6% for the period of 1 year. What equation shows the relationship between principal amount (p), rate of interest (r), period of investment in years (t), and interest earned (i).

Answer 1

i =
`(prt)/(100)`

with i = 120 then

p =
`(100(120))/(6)` = $2000

Answer 2

120 = p × 6% × 1

Explanation:

just put in the answer

then it will be correct