Question and answer
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.
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Asked 11/12/2014 6:54:38 PM
Updated 11/12/2014 7:16:40 PM
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This answer has been confirmed as correct and helpful.
Edited by debnjerry [11/12/2014 7:16:38 PM], Confirmed by debnjerry [11/12/2014 7:16:40 PM]
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