In the future value formula, the amount invested at the start is the:
AProjection
BPrincipal
CProvision
DProportion
Answer & Solution
Correct answer: B. Principal
1. The rate is applied to it.
2. So is the length of time invested.
3. It is the principal.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
Keep practising Simple Interest
Browse all Simple Interest questions for IBPS Clerk, or explore more Quantitative Aptitude topics.