Using the formula Interest - Principal x Rate x Time,
If all elements are known except for the principal, the formula should be written as:
$$\text { principal } = \frac { \text { interest } } { \text { rate } x \text { time } }$$

Question

Using the formula Interest - Principal x Rate x Time,
​If all elements are known except for the principal, the formula should be written as:​
​ $$\text { principal } = \frac { \text { interest } } { \text { rate } x \text { time } }$$

Quizplus · Accepted Answer

The formula for calculating interest is Interest = Principal x Rate x Time. To solve for the principal when the other elements are known, you rearrange the formula to Principal = Interest / (Rate x Time), which matches the provided equation.

Using the Formula Interest - Principal X Rate X Time principal = interest rate x time \text { principal } = \frac { \text { interest } } { \text { rate } x \text { time } } principal = rate x time interest ​

Using the Formula Interest - Principal X Rate X Time $\text { principal } = \frac { \text { interest } } { \text { rate } x \text { time } }$