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state your dollar amount chosen for A , the value of your two chosen variables (principal, rate, and/or time), and the variable you will be

  • state your dollar amount chosen for A, the value of your two chosen variables (principal, rate, and/or time), and the variable you will be solving for. The dollar amount I have chosen for A is 20,000 my rate is 10%, and my time is 5 years. I am stumped on how to solve for the principal.
  • Provide the linear equation you will solve. My first roadblock is calculating the interest without knowing the principal, I= p*r*t I=p*0.1*5 I=p*0.5 At this point, this is not making any sense to me I try A=p + I which would be 20,000=p+i, I can't see how to get the principal.

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