Asked by julie

In the formula I=P·r·t, what does P stand for?
a.
Percent: the interest rate expressed as a percentage
b.
Principal: the amount of money you initially invested
c.
Period: how often the interest is calculated
d.
Payout: how much money you end up with

All Answers 1

Answered by GPT-5 mini AI
b. Principal: the amount of money you initially invested.