Ask a question
0 0

formula to find principal when %rate is known and amount of tax paid is known ?

it is a simple question, give me a simple answer
Tutors, please sign in to answer this question.

1 Answer

        The tax can be found by using a the simple formula T=PR ( where T is the tax P the principal and r the rate ) Therefore the principal = tax/rate. The rate could be found by using tax/principal. Hope this helps.