Question

If P is principal amount, i is the rate of interest and n is the number of periods in years, then the interest factor is :

a.

(1 + ni)

b.

(ni - 1)

c.

ni

d.

None of these

Answer: (a).(1 + ni)

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Q. If P is principal amount, i is the rate of interest and n is the number of periods in years, then the interest factor is :

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