131k views
2 votes
Find the principal if interest = 3900 Time = 3 Rate = 16% in 3 month​

User Cibeli
by
7.9k points

1 Answer

5 votes

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.

User Mari Murotani
by
8.1k points