The amount of compounded interest during 'n' interest periods is – McqOptions

MCQOPTIONS

1.	The amount of compounded interest during 'n' interest periods is
A.	p[(1+i)ⁿ-1)]
B.	p(1 + i)ⁿ
C.	p(1 - i)ⁿ
D.	p(1 + iⁿ)
Answer» B. p(1 + i)ⁿ

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