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4 December, 10:33

In the formula i=p·r·t, what does p stand for?

a. percent: the interest rate expressed as a percentage

b. principal: the amount of money you initially invested

c. period: how often the interest is calculated

d. payout: how much money you end up with

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  1. 4 December, 11:48
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    I = P * R * T

    Interest = principal * rate * time

    so P = principal : the amount of money u initially invest
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