You have 2 different savings accounts. For Account A, the simple interest earned after months is $. For Account B, the simple interest earned after months is $. If the interest rate is % for Account A and % for Account B, how much is the principal in each account? Which account earned you the most interest the first month? Explain your answer. Use the simple interest formula , where I is the simple interest, p is the principal, r is the interest rate, and t is the time in years.
Use the simple interest formula , to determine which value is unknown. Which value is unknown?
p
This is the correct answer.
r
Your answer is not correct.
t
I
To find the principal in Account A, first express the time in years.
months =
0.25 year (Type an integer or a decimal.)