Total Amount =
Principle+
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Formula of principal amount
The formula for calculating Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.
Formula: Simple Interest=P×r×t where: P=Prin...
Principal Amount: Principal Amount remains c...
Calculation: It is easy to calculate Simple Interest
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Step-by-step explanation:
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Calculating Total Amount to pay. Interest is just the additional amount to be paid on the sun of money loaned or borrowed. The main amount to be paid is the principal amount. .
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