If P represents the principal n the number of interest periods and i the interest rate based on the length of one interest period the amount of simple interest during n interest periods is

Chemical Economics Mcqs

A.P (1 + in)
B.P(1 + i)n
C.P i n
D.P [(1 + i)n-1]

Leave a Reply

Your email address will not be published. Required fields are marked *