If P is principal amount, i is the rate of interest and n is the – McqOptions

MCQOPTIONS

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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