what is the formula to take out principal?
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Answered by
3
Answer:
P = I / (RT)
Step-by-step explanation:
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Answered by
1
Answer:
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=Principal amount; r=Annual interest rate; t=...
Principal Amount: Principal Amount remains constant on Simple Interest
Calculation: It is easy to calculate Simple Interest
Meaning: Simple Interest is calculated on the Principal Amount for the entire tenure
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