Problem 56080. Simple Interest : Calculate Present Value

• Created by Mehmet OZC
• Appears in Guess the Logic!

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Theorem : Simple Interest

where;

• F : Future Value
• P : Present Value
• r : Annual simple interest rate (decimal)
• t : Time in years

Calculate P, given F, r and t. Round to nearest cent.

Solve

Solution Stats

83.64% Correct | 16.36% Incorrect

• 55 Solutions
• 45 Solvers

Last Solution submitted on May 13, 2025

Last 200 Solutions

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Problem Recent Solvers45

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