How Do I Find The Principal Amount Of A Loan When All I Have Is The Interest Rate And Term?
It is bad when you can't help a 14 year old with simple math I know the formula for Interest but I need to know how to find the principle when all I have is the IRT
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You can use the interest formula for finding the principle amount. It is as follows:
P= i/rt
where
p is principal amount
i is interest amount
r is rate of interest
and T is the time for investment
P= i/rt
where
p is principal amount
i is interest amount
r is rate of interest
and T is the time for investment
0
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