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According to annual compound interest, A is the amount , R is the rate of interest per annum and T is the time, what will be the principal (P)?

According to annual compound interest, A is the amount , R is the rate of interest per annum and T is the time, what will be the principal (P)?

Grade:10

1 Answers

Saurabh Koranglekar
askIITians Faculty 10336 Points
3 years ago
Dear student

A = compounding factor * P

Compounding factor = ( 1+ (r/100) ) ^ T in yrs

Regards

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