Please help me with these please If the rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a. *
*answer choices*
fraction
ratio
decimal
dollar amount

The simple interest formula is I=Prt. The P represents the principal. The principal is . *
*answer choices*
the initial amount of money
the percent interest for his year
the rate
the percent proportion

What does the "I" in the interest formula stand for? *
*answer choices*
Incredible
Impossible
Interest
Isosceles