The amount is equal to the sum of the principal(p) and interest (I) convert into equation
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Answer:
P=IRate⋅Time
Also, the future amount is the sum of the principal and the interest. Therefore, the principal is just the difference between the future amount and the interest.
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Step-by-step explanation:
P=IRate⋅Time
Also, the future amount is the sum of the principal and the interest. Therefore, the principal is just the difference between the future amount and the interest.
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