

MCQOPTIONS
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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) | |