Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.3 Simple Interest - Concept and Vocabulary Check: 1

Answer

$I=Prt$; Principal; rate; time

Work Step by Step

RECALL: The formula for simple interest, $I$, is given as: $I=Prt$ where P= principal amount r = interest rate t = time Thus, the missing expressions in the given statement are: $I=Prt$; Principal; rate; time
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