the formula for simple interest is $i = prt$, where $i$ is the interest earned, $p$ is the principal, $r$ is…

the formula for simple interest is $i = prt$, where $i$ is the interest earned, $p$ is the principal, $r$ is the interest rate and $t$ is the number of years. solve the formula for $p$ in terms of $r$, $i$ and $t$.

the formula for simple interest is $i = prt$, where $i$ is the interest earned, $p$ is the principal, $r$ is the interest rate and $t$ is the number of years. solve the formula for $p$ in terms of $r$, $i$ and $t$.

Answer

Explanation:

Step1: Isolate $P$

Given $I = Prt$, divide both sides by $rt$. $P=\frac{I}{rt}$

Answer:

$P=\frac{I}{rt}$