In I=prt, p is principles. what does that mean? plz help!!?

Answer 1

All simple intrest problems use the simple intrest equation,

I=PRT or PRT=I

Where

P = principal, the amount deposited or borrowed, in dollars.

R = annual interest rate, in percent, expressrd as a decimal or fraction.

T = time the account is open, in years

I = interest earned, in dollars, during the T years.

Answer 2

i just learned this !

it means intrest equals principles time rate times time (.5 for 6motnhs and 1 for a year and so on)

so i f the questino is sally wants to make 36 dollars on 16% intrest in 6 months how much will she have to pay to get this amount?

sooo

.16=36r(.5)

follow your eqautino out from there

Answer 3

I=intrest P=principle R=rate T=time

It all has to do with money. Loaning and saving etc.

Answer 4

The principle is the starting amount of money. For example, the money that is saved or loaned.

Answer 5

the amount of interest is equal to the priciple x rate x time
this is known as simple interest. It applies when there is no compounding.

100 for 5 years at 10 % is
int = $100*0.10*5 =$50 ,

Answer 6

Since most of your responders are misspelling it, I feel compelled to point out that the word is spelled: "principal"

It refers to the "principal amount" (the important amount).
The other spelling of this word ("principle") means a rule or a standard. It does not describe the amount of money that is earning interest.

Answer 7

i=intrest p=principle r=rate t=time

Answer 8

this formula is for finding the interest. (I=interest) r is the rate of interest, and t is the time. this formula is common in finding your interest with money in a bank. P is the amount of money

Answer 9

p is the principal money, the amount being loaned ^_^