Question

Define principal in simple interest​

Answer 1

Answer:

principal is the main rate in the simple interest

Step-by-step explanation:

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Answer 2

Answer:

The money borrowed (lent or invested) is called principal.

Step-by-step explanation:

Principal=Simple Interest×100/Rate of Interest × Time

For example,

SIMPLE INTEREST (SI)=100

Rate(R)=5%

Time(T)=1 year

Find Principal (P)

P=SI×100/R×T

=100×100/5×1

=20×100/1

=2000