Use the Simple Interest Formula to Determine the Missing Value

question 37

Multiple Choice

Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary
-p = ?, r = 4%, t = 90 days, i = $117.65

• A) p = $3921.67
• B) p = $11,944.74
• C) p = $11,765.00
• D) p = $392.17

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Definitions:

Conifers

A group of cone-bearing seed plants with vascular tissue, mostly evergreens, that includes pines, spruces, and firs.

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, ginkgos, and gnetophytes, characterized by seeds that are not enclosed in an ovary.

Animal-pollinated

Refers to plants that rely on animals, such as bees, birds, and bats, to transfer pollen from one flower to another for fertilization.

Inconspicuous Flowers

Flowers that are not easily noticeable or visible, often due to their small size, dull color, or lack of showy petals.