AIR MATH

Math Question

The simple interest formula is \( I=P r t \), where \( I \) represents What is the amount of money, \( P \), that will generate \( \$ 40 \) in simple interest on an amount, \( P \), for \( t \) years at a rate of \( r \), where \( r \) is expressed as a decimal.
\( \$ 60 \)
\( \$ 80 \)
\( \$ 90 \)
\( \$ 100 \)

Solution

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