In the formula I=P·r·t, what does P stand for? a. Percent: the interest rate expressed as a percentage b. Principal: the amount of money you initially invested c. Period: how often the interest is calculated d. Payout: how much money you end up with

Answer:B) Principal: the amount of money you initially investedStep-by-step explanation:The given formula  I=P·r·t  is of InterestIn this formula I is simple interestr is the interest ratet is the amount of timeP is the principle amount invested on which interest is calculatedhence of the given options, option b is correct i.e.Principal: the amount of money you initially invested !