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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