How Do You Find The Principle When Rate And Time And Amount Of Interest Is Known?
If the principle amount is unknown how do you calculate it.
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You can use a simple interest formula for finding the principle amount. It is as follows:
P= i/rt
where
p is the principal amount
i is the interest amount
r is the rate of interest
T is the time for investment
P= i/rt
where
p is the principal amount
i is the interest amount
r is the rate of interest
T is the time for investment
1
0
I gave your answer five stars because it is basically correct. I didn't deduct for spelling, like the fact that you used upper and lower case P for principal, and T for time, and that you spelled principal correctly in one place, and incorrectly (as the questioner did) in another.
Guest
answered 8 months ago
P=?, T=5years, R=5%, A=5550
Please solve it & also advice me how you can solve it By taking these formulas
I=p*r*t & A=P+I
Please solve it & also advice me how you can solve it By taking these formulas
I=p*r*t & A=P+I
0
0
Guest
answered 8 months ago
P=?, T=5years, R=5%, A=5550
Please solve it & also advice me how you can solve it By taking these formulas
I=p*r*t & A=P+I
Please solve it & also advice me how you can solve it By taking these formulas
I=p*r*t & A=P+I
0
0
Guest
answered 8 months ago
Guest
answered 4 months ago
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