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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. [Correct Answer] |
B. | p(1 + i.n) [Wrong Answer] |
C. | p(1 + i)n [Wrong Answer] |
D. | p(1 - i.n) [Wrong Answer] |