Determine the missing value by using simple interest

P= R= 2% T=90days i=$12.50

3 answers

I = PRT

P = I/RT

P = 12.5/(0.02 * 0.25)

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

P = 12.5/ 0.005
P = $2,500