Archimedes was a pre-eminent Greek mathematician and inventor in the 3rd century BC. Archimedes' Principle states that when an object is fully or partially submerged in a fluid, it experiences an upthrust equal to the weight of the fluid displaced. This principle explains why objects float or sink based on their density compared to the fluid. It also applies to balloons floating in air. The key concept is buoyant force, which reduces the apparent weight of an object submerged in a fluid by an amount equal to the weight of the fluid displaced.