Discussion Forum : Chemical Engineering Plant Economics
Question - The amount of simple interest during 'n' interest period is (where, i = interest rate based on the length of one interest period, p = principal)
Options:
A .  P.i.n.
B .  P(1 + i.n)
C .  P(1 + i)n
D .  P(1 - i.n)
Answer: Option A
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