Question

What equation do you use to find the principle (like interest principle time and rate)

Answer 1

PRINCIPLE= (100* interest)/(rate*time)
Therefore, PRINCIPLE (p)=$2000

Answer 2

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

Explanation: