Question: state your dollar amount chosen for A , the value of your two chosen variables (principal, rate, and/or time), and the variable you will be

  • state your dollar amount chosen for A, the value of your two chosen variables (principal, rate, and/or time), and the variable you will be solving for. The dollar amount I have chosen for A is 20,000 my rate is 10%, and my time is 5 years. I am stumped on how to solve for the principal.
  • Provide the linear equation you will solve. My first roadblock is calculating the interest without knowing the principal, I= p*r*t I=p*0.1*5 I=p*0.5 At this point, this is not making any sense to me I try A=p + I which would be 20,000=p+i, I can't see how to get the principal.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

If your last name begins with the letter I-Q: Choose your principal and rate and solve for time. 1.State your dollar amount chosen for A, the value of your two chosen variables (principal, rate,...

Q:

p = principle r = interest rate written as a decimal t = time in yearsi = amount of interest earned (or owed) . Choose your rate and time and solve for principal. 1. State your dollar amount chosen...

Q:

state your dollar amount chosen for A , the value of your two chosen variables (principal, rate, and/or time), and the variable you will be solving for. The dollar amount I have chosen for A is...

Q:

state your dollar amount chosen for A , the value of your two chosen variables (principal, rate, and/or time), and the variable you will be solving for. The dollar amount I have chosen for A is...

Q:

Write the code in c++ using visualstudio and fallow the instructions carefully! (The dollar sign $ do not appear in all entries, just the first one ) Read carefully! Sales Register Calculation and...

Q:

1 Choose which reasoning process is shown in the following example. Explain your answer. An HMO does a followup study on 1283 randomly selected patients given a flu shot. None of these people became...

Q:

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Q:

Hi Erylee88, I would like to utilize your service again. Same format different questions. Please find attached document for your review. Let me know. Thank you, Sam...

Q:

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

Q:

Please respond to discussion board 4 & 5 question that is shown after the discussion board rubric/requirements. Please do not copy/paste from sources. Write in own words and cite where it came from....

Q:

Use simple spreadsheet software, such as EXCEL, or any appropriate computer program, to conduct the content analysis described in problem 2.

Q:

1. One approach to system development that Reliable might take is to start one large project that uses a waterfall model to the SDLC to thoroughly plan the project, analyze all requirements in...

Q:

When you present value future cash flows to find todays value, this is referred to as: discounted cash flow valuation complex factoring compound interest valuation future value interest factor

Q:

Assess the capabilities and constraints of the supply chain, briefly considering each of the organisations drivers of supply chain performance, as well as the key metrics associated with each. (30)

Q:

5. How can I help others in the network achieve their goals?

Q:

6. Bring to mind a situation where you had a strong sense of satisfaction with what you did. Immerse yourself in the situation. i. How do you feel? ii. What do you hear? iii. What do you see?

Q:

3. Imagine a real event that brought joy to your past. What images, sounds, emo-tions, smells and tastes appear? Try to imagine a movie clip of this incident, as it could unfold if the circumstances...