Chemical Engineering Plant Economics (MCQs)

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)
Answer: Option A.

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