What does P stand for?

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Ms. Perez wants to invest $30,000 into an account that compounds annually. The interest rate at this bank is 2.8%. How much money will be in the account after 3 years?

What does I stand for?

Calculate the compound interest of the following situation: $34,100 at 3% for 3 years

Dan borrowed $2,000 for 1 year at 12% annual simple interest rate. How much interest is that?

What does A stand for?

What does the formula for simple interest solve for?

Formula for _____________ ______________ is I = Prt

What is the principle amount of a loan that has accumulated $480 in simple interest rate of 3% after 4 years?

Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.

What does t stand for?

What does r stand for?