Use the Simple Interest Formula to Determine the Missing Value

question 209

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 = 5%, t = 2 months, i = $127.65

• A) p = $153,180.00
• B) p = $15,956.25
• C) p = $459,540.00
• D) p = $15,318.00

---

Definitions:

Recruitment Process

The sequence of steps an organization undertakes to attract, select, and appoint suitable candidates for jobs.

Tight Labour Market

A job market characterized by few available workers relative to the number of jobs, often resulting in better employment terms for job seekers.