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The formula I = p r t gives the amount of simple interest (I) earned by investing principle ( p ) for rate ( r ) over a period of time ( t ). Solve this formula for p, and find …

The formula I = p r t gives the amount of simple interest (I) earned by investing principle ( p ) for rate ( r ) over a period of time ( t ). Solve this formula for p, and find …
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The formula I = p r t gives the amount of simple interest (I) earned by investing principle ( p ) for rate ( r ) over a period of time ( t ). Solve this formula for p, and find p if r = 0.035, t = 5 and I = $350.

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User Sidak
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1 Answer

3 votes
P=350÷(0.035×5)
P=2,000
answered
User Manish Khandelwal
by
7.8k points
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