formula of Principle
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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.
Principal Amount: Principal amount remains constant on Simple Interest
Calculation: It is easy to calculate Simple Interest
Point of Difference: Simple Interest
Step-by-step explanation:
we know that
SI=P*R*T/100
P=SI*100/R*T
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