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How do you calculate principal when amount rate of interest and time is given?

Kevin Sutter

in Student Loans

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1 answer

Ronald Miller on March 5, 2018

A = P*(1+R/100) T Where: A = amount P = Principal I = Interest Rate (in percentage), and T = Time Since R and T are known, we can calculate (1+R/100) T = k, saand. Then a = P*k so that P = a/k

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