Principal
We have the principal of a college or the principal men of the city.
Principle
Principle is a noun and means 'a settled rule of action' or 'a fundamental truth'
Sample Usage
Principal
1. The value of principal is the number of things it will explain.
2. She sent unruly pupils to see the principal
Principle
1. Expedients are for the hour,principles for the age.
2. The principle of gravity.
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