Question

In the simple interest formula, , solve for the variable . note: in this formula, represents principle, is interest, is rate, and is time.

Answer 1

To solve for the variable P in the simple interest formula, rearrange the formula as P = I / (r * t) and substitute the values of I, r, and t.

Step-by-step explanation:

To solve for the variable P in the simple interest formula, we can rearrange the formula as follows:

P = I / (r * t)

This formula allows us to calculate the principal amount based on the interest, rate, and time given. Simply substitute the values of I, r, and t into the formula to find the value of P.