In this work we have studied a stochastic predator-prey model where the prey grows logistically in the absence of predator. All parameters but carry ing capacity have been perturbed with telephone noise. The prey’s growth rate and the predator’s death rate have also been perturbed with white noises. Both of these noises have been proved extremely useful to model rapidly fluctuating phenomena Dimentberg (1988). The conditions under which extinction of predator and prey populations occur have been established. We also give sufficient conditions for positive recurrence and the existence of an ergodic stationary distribution of the positive solution, which in stochastic predator-prey systems means that the predator and prey populations can be persistent, that is to say, the predator and prey populations can be sustain a quantity that is neither too much nor too little. In our analysis, it is found that the environmental noise plays an important role in extinction as well as coexistence of prey and predator populations. It is shown in numerical simulation that larger white noise intensity will lead to the extinction of the population, while telephone noise may delay or reduce the risk of species extinction.