In the formula I=P·r·t, what does P stand for?
a.
Percent: the interest rate expressed as a percentage
b.
Principal: the amount of money you initially invested
c.
Period: how often the interest is calculated
d.
Payout: how much money you end up with

In the formula I=P·r·t, what does P stand for?
a.
Percent: the interest rate expressed as a percentage
b.
Principal: the amount of money you initially invested
c.
Period: how often the interest is calculated
d.
Payout: how much money you end up with

In the formula I=P*r?*, P stands for Principal: the amount of money you initially invested.

In the formula I=P·r·t, what does P stand for? a. Percent: the interest rate expressed as a percentage b. Principal: the amount of money you initially invested c. Period: how often the interest is calculated d. Payout: how much money you end up with

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