If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

If ‘P’ is principal amount, ‘i’ is the rate of interest and �

1.	If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:
A.	(1 + ni)
B.	(ni - 1)
C.	ni
D.	None of these
Answer» B. (ni - 1)

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If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

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