The amount of simple interest during 'n' interest period is (where, i – McqOptions

MCQOPTIONS

1.	The amount of simple interest during 'n' interest period is (where, i = interest rate based on the length of one interest period, p = principal)?
A.	P.i.n.
B.	P(1 + i.n)
C.	P(1 + i)n
D.	P(1 - i.n)
Answer» B. P(1 + i.n)

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