3
QuizMultiple Choice

Compound Interest — Unit test

Question 3 • 26-27 Ignite Technical Math-Financial Math - MA2007

In the formula I=P·r·t, what does P stand for?a.Percent: the interest rate expressed as a percentageb.Principal: the amount of money you initially investedc.Period: how often the interest is calculatedd.Payout: how much money you end up with

Answer
A
A
B
B
C
C
D
D
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In the formula I=P·r·t, what does P stand…