The future value of the investment in dollars s
V = p + prt
where
p = principal, dollars
r = annual interest rate (in decimal form)
t = time, years
To determine p, write the formula as follows:
Factorize p out on the right side.
V = p(1 + rt)
Divide each side b (1 + rt).
[tex] \frac{V}{1+rt}=p [/tex]
Answer:
[tex]p= \frac{V}{1+rt} [/tex]
