. Amount = principal +
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The basic accounting equation is Assets = Equity + Liability.
Step-by-step explanation:
ᴛʜᴇ ғᴏʀᴍᴜʟᴀ ғᴏʀ ᴄᴀʟᴄᴜʟᴀᴛɪɴɢ ᴘʀɪɴᴄɪᴘᴀʟ ᴀᴍᴏᴜɴᴛ ᴡᴏᴜʟᴅ ʙᴇ ᴘ = ɪ / (ʀᴛ) ᴡʜᴇʀᴇ ɪɴᴛᴇʀᴇsᴛ ɪs ɪɴᴛᴇʀᴇsᴛ ᴀᴍᴏᴜɴᴛ, ʀ ɪs ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ᴀɴᴅ ᴛ ɪs ᴛɪᴍᴇ ᴘᴇʀɪᴏᴅ.
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