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Simple interest depends on the principal (P), the rate (r), and the time (t). The equation
for simple interest is given below,
I - Prt
The equation can be rearranged so that the principal can be determined if the other
variables are known. Move the options into the equation below to show the equation
solved for P.
P=
-
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Simple interest depends on the principal (P), the rate (r), and the time (t). The equation
for sim...
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