find the principal when time is 4year interest is $ 1600 and rate 4%pa
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Answer :
$ 10,000
Explanation
Principal = (100 × Interest)/(Rate × Time)
P= (100 x 1600)/(4 x 4)
P =160000/16
P = $10,000
$ 10,000
Explanation
Principal = (100 × Interest)/(Rate × Time)
P= (100 x 1600)/(4 x 4)
P =160000/16
P = $10,000
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