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voltage drop formula based on correction factors in current carrying capacity
Kirchoff's circuit laws
Mesh analysis
Laplace Transform applied to differential equations
Oliver Heaviside
Now, what was your question?
Yes I aqree totally. That is IR2 works OK! - Loupy.
I would suggest you to go the below link and study the contained topics.
http://www.tlc-direct.co.uk/Book/4.3.4.htm
→ British Standard 7671.