please tell me the formulas to find principal, time and rate%.please guys its from lesson simple interest
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Step-by-step explanation:Principal = (100 × Interest)/(Rate × Time)
Therefore, Principal (P) = $ 5000.
How do you find principal when given rate and time?
For example, the simple interest formula is:
1.I = PRT. where P is principal amount, I is the amount of interest, R is the rate 2.of interest, and T is the amount of time. ...
3.P = I / RT. which helps us find the principal amount. ...
4.A = P(1 + r/n)^nt. ...
5.P = A / ( (1 + r/n)^nt) in order to find principal amount.
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