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I = $125 r = 6% t = 1 what is p?

I = $125 r = 6% t = 1 what is p?
asked 65.0k views
2 votes
I = $125 r = 6% t = 1 what is p?

asked
User Dee S
by
7.0k points

2 Answers

1 vote

The answer is $2,083.33

answered
User Dariusz Krynicki
by
7.9k points
3 votes
I = $125, r = 6% = 0.06, t = 1 year

I = prt

prt = I

p = I/rt

p = 125/(0.06*1)

P ≈ $2083.33
answered
User Peller
by
8.0k points
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