Question

Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of money, P, for t years at r rate. She transforms the equation to isolate P : P = P : P equals StartFraction I Over r t EndFraction.. Using this formula, what is the amount of money, P, that will generate $20 at a 5% interest rate over 5 years?

$

Answer 1

Answer:

I hope this is correct answer

Step-by-step explanation:

1 lakh are deposited with rate of interest as the previous for a period of 3 years. Given principal amount is 4050 RS, number of years is 2 and the total amount is Rs. 4576.5. Simple interest will be total amount - principal amount = 4576.5 - 4050 = 526.5 Rs

Answer 2

Answer:

80

this should be correct my apologies if it's not