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Math homework help, please?

Use the formula I = Prt to find out how much principal would be needed to earn $6 in two thirds of a year at 12% simple interest.

I just need to know what to plug in for each variable, and I can get it from there. Please and thank you.

2 Answers

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  • 1 decade ago
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    I got 6=P(.12)(2/3)

  • 1 decade ago

    principal = P, r= the interest rate, t=the time, I = the interest

    edit: I believe t would have to be 8 months, and not 2/3

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