i missed school today and i need hw help and its too late to call a friend so can you guys help me ? heres the prob: Rate of interest = 8%; time = 3 months; interest=$32.40 ; principal = ?
What is the formula to find the principal ? heres a prob finding the interest ; if it helps(also, im not sure if it is correct so could someone tell me if its not? thanks.) principal(p)=$600 ; rate of interest(r)= 5% ; time(t) = 4 years ; Interest(i)= RxTxP ; I= .05 x 4 x 600 ; I= $120
I could really use the help, thanks xx
What is the formula to find the principal ? heres a prob finding the interest ; if it helps(also, im not sure if it is correct so could someone tell me if its not? thanks.) principal(p)=$600 ; rate of interest(r)= 5% ; time(t) = 4 years ; Interest(i)= RxTxP ; I= .05 x 4 x 600 ; I= $120
I could really use the help, thanks xx