r=5%,n=2years,i=*100
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100=(p*5*2)/100
100=10p/100
10000=10p
10000/10=p
p=1000
Step-by-step explanation:
I=P*R*T
i=interest, r=rate,n=time,p=principle
I,r,n are given,so p is taken out.
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