The simple interest formula is i = prt, where i represents simple interest on an amount, p, for t years at a rate of r, where r is expressed as a decimal.
what is the amount of money, p, that will generate $40 in interest at a 10% interest rate over 5 years

Step-by-step explanation:

Then, knowing that the formula of Simple Interest is:

We can solve for "P":

We know that we need to calculate the amount of money that will generate $40 in interest at a 10% interest rate over 5 years. Then, we can identify that:

Finally, substituting values into  , we get that "P" is:

yess

step-by-step explanation:

idk whyy this is happening, i cant even read my notification bc i keep getting errors

~coco