Simple Interest

What does the R in I =PRT mean?

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

The simple interest formula I=PRT. The P represents the principle. The principle is ______________________.

The extra money created on the money borrowed is called________?

In the simple interest formula I = Prt, what does the variable 'P' represent?

When using the simple interest formula I = Prt, how should an interest rate given as a percentage (e.g., 6%) be entered into the calculation?

A principal of $500 is invested for 3 years at an interest rate of 6%. What is the simple interest earned?

If $178 of simple interest was earned in 2 years at an interest rate of 4%, which equation correctly represents how to find the principal (P)?