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Alice earns simple interest of $120 at an annual interest rate of 6% for the period of 1 year. What equation shows the relationship between principal amount (p), rate of interest (r), period of investment in years (t), and interest earned (i).

Respuesta :

i = [tex]\frac{prt}{100}[/tex]

with i = 120 then

p = [tex]\frac{100(120)}{6}[/tex] = $2000

Answer:

120 = p × 6% × 1


Step-by-step explanation:

just put in the answer

then it will be correct


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