Question

Determine the missing value by using simple interest

P= R= 2% T=90days i=$12.50
Ms. Sue
I = PRT

P = I/RT

P = 12.5/(0.02 * 0.25)

P = ?
Carie
P= 156.25
Ms. Sue
No. Calculate the numbers within the parentheses first.

P = 12.5/ 0.005
P = $2,500