Principal = amount - ____
Answers
Answered by
6
Answer:
lnterest
Step-by-step explanation:
Amount = Principle + lnterest
Principle = Amount + lnterest
Answered by
1
Question :
Fill in the blanks :
Principal = amount - ____
Answer :
Principal = amount - Simple Interest (S.I)
- Principal amount is the amount which we deposit of borrow from bank or money lender.
- Amount is the sum which is matured after some years or month.
- Simple interest is the sum which gets added to the principal amount in order to result in the Amount.
- According to simple interest formula , Simple Interest is equal to Amount - Principal ; also , Simple interest is equal to the product of Principal , rate of interest and time divided by 100.
- Hence, Principal is equal to Amount - Simple Interest.
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