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(1 i.n) |
| B. | p.i.n. |
| C. | p(1 - i.n) |
| D. | p(1 i)n |
| Answer» C. p(1 - i.n) | |