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Find the missing principal. I = $260 P = $ r = 3.6% t = 4 years

Find the missing principal. I = $260 P = $ r = 3.6% t = 4 years
asked 81.4k views
5 votes
Find the missing principal.

I = $260
P = $
r = 3.6%
t = 4 years

asked
User Eric Majerus
by
8.4k points

1 Answer

3 votes

Answer: P=$1805.56

Explanation:

P=I/(rt)

P=260/(4(0.036))

P=260/0.144

P=$1805.56

answered
User Joshua Foxworth
by
8.6k points
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