Question

If Principal and Interest is given then Amount is __________​

Answer 1

To find Principal when Time Interest and Rate are given the rules are. Interest = (Principal × Rate × Time)/100. Principal = (100 × Interest)/(Rate × Time)

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Answer 2

Answer:

In a principal + interest loan, the principal (original amount borrowed) is divided into equal monthly amounts, and the interest (fee charged for borrowing) is calculated on the outstanding principal balance each month. This means the monthly interest amount declines over time as the outstanding principal declines.

Explanation:

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