The simple interest formula is I = Prt, where I represents simple interest on an amount, P, for t years at a rate of r. The equation solved for P is P = .

What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5 years?

a. $60
b. $80
c. $90
d.$100

remember that you can do anything to an equation as long as you do it to both sides

so
I=PRT
divide both sides by RT
[tex] \frac{I}{RT} [/tex]=P

P=?
I=40
R=10%=0.1
T=5
plug it in
[tex] \frac{40}{(0.1)(5)} [/tex]=P
[tex] \frac{40}{(0.5)} [/tex]=P
80=P

answer is B, $80

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frodothe9fingered frodothe9fingered · Answer 2 · 2019-01-24T01:52:20+01:00

frodothe9fingered frodothe9fingered

24-01-2019

Answer:

b

Step-by-step explanation:

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The simple interest formula is I = Prt, where I represents simple interest on an amount, P, for t years at a rate of r. The equation solved for P is P = . What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5 years? a. $60 b. $80 c. $90 d.$100

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The simple interest formula is I = Prt, where I represents simple interest on an amount, P, for t years at a rate of r. The equation solved for P is P = .

What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5 years?

a. $60
b. $80
c. $90
d.$100