Question

How to find the principal amount if total amount of 2 year is given at simple interest?

Answer 1

Amt=P*R*T\100.......P=principal.....R=rate.....T=time.......Amt=amount

Answer 2

Use this simple interest calculator to find A, the Final Investment Value, using thesimple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.