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What is the correct answer?
4
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)
Correct Answer :
A. p.i.n.
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