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giamaresca giamaresca
  • 31-03-2016
  • Mathematics
Answered

what do the letters I and P and R mean in "IPRT"?

Verified Answer :

HEREDIO
HEREDIO HEREDIO
  • 31-03-2016

So P stands for principle which is the amount of the original investment, R stands for rate which is the percent but must be turned into a decimal, T stands for time for example if the time was in a certain amount of months then you plug that in with x/12, and lastly I stands for interest which is the original investment outcome ^_^

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