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The formula for simple interest is I=Prt. find the principal (p) if you earn $300 dollars in interest (i) of 5% for 6 years (t)​

The formula for simple interest is I=Prt. find the principal (p) if you earn $300 dollars in interest (i) of 5% for 6 years (t)​
asked 115k views
14 votes
the formula for simple interest is I=Prt. find the principal (p) if you earn $300 dollars in interest (i) of 5% for 6 years (t)​

asked
User Yenny
by
8.2k points

1 Answer

9 votes

Answer:

$9000

Explanation:

I=?

p=$300

R=5*1/100

T=6

I=P*R*T

$300*5/100*6

=$9000

answered
User Andrei Neacsu
by
8.9k points
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