Ask Question
24 May, 03:53

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

+1
Answers (1)
  1. 24 May, 05:19
    0
    Remember that you can do anything to an equation as long as you do it to both sides

    so

    I=PRT

    divide both sides by RT

    =P

    P=?

    I=40

    R=10%=0.1

    T=5

    plug it in

    =P

    =P

    80=P

    answer is B, $80
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers