formula for calculating principal when rate interest and time is given
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Answer:
Principal Amount Formulas
The new, rearranged formula would be P = I / (RT), which is principal amount equals interest divided by interest rate times the amount of time.
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Step-by-step explanation:
We take Principal AS P.
We take Rate as R.
We take time as T.
Formula is
P(1+R/100)^T.
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