Math, asked by jjd01199391, 10 months ago

Hanna puts $4,383 in a savings account with an annual interest rate of 5.2 percent for 3 years. Into which variable should she substitute 4,383 in the simple interest formula mc027-1.jpg?

Answers

Answered by slicergiza
12

Answer:

The variable would be P.

Step-by-step explanation:

Since, the simple interest formula is,

I=\frac{P\times r\times t}{100}

Where,

P = Principal amount,

r = annual interest rate,

t = time in years,

Since, here $4,383 is invested,

So, principal amount = $4,383,

I.e. P = $4,383

Thus, 4,383 would be substituted into variable P.

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