anonymous
  • anonymous
Which variable in the simple interest equation I=prt represents the original amount of money borrowed or invested?
Mathematics
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SOLVED
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schrodinger
  • schrodinger
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johnweldon1993
  • johnweldon1993
As I showed in my last post I = interest earned (final balance - current balance) (700 - 500) P = principal / original amount R = interest rate in decimal form (4% = .04) T = time in years So which is it...?
johnweldon1993
  • johnweldon1993
Sorry kept the numbers in there from last time too lol
anonymous
  • anonymous
i

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johnweldon1993
  • johnweldon1993
Not quite...just reread 'P' for me....
anonymous
  • anonymous
so than its p
johnweldon1993
  • johnweldon1993
It is....P represents the original amount invested / borrowed

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