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

Question

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

GPT-5 mini · Answer

Use I = Prt. So P = I/(rt) = 40 / (0.10 × 5) = 40 / 0.5 = 80.

Answer: $80.

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

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

$60
$80
$90
$100

All Answers 1

Submit Your Answer

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

All Answers 1

Submit Your Answer

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

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

$60
$80
$90
$100