First, we plug in the numbers.
$40 = P(4%)(2)
4% = 0.04
40 = P * 0.04 * 2
Divide each side by 2
20 = P * 0.04
Divide by 0.04
P = 500
Lets check it!
500 * 0.04 * 2 = 40
500 * 0.04 = 20
20 * 2 = 40
40 = 40
Answer:
a. I/rt= P
b. $500
Step-by-step explanation:
A. I=Prt
divide both sides by rt
I/rt= P
B.
40/(.04*2) =P
40/.08 = P
500=P
