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)

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)
by

1 Answer

Answer :

(A) p.i.n.
by

Related questions

If 'S' is the amount available after 'n' interest periods for an initial principal 'P' with the discrete compound interest rate 'i', the present worth is given by (A) (1 + i)n/S (B) S/(1 + i)n (C) S/(1 + in) (D) S/(1 + n)i

Description : If 'S' is the amount available after 'n' interest periods for an initial principal 'P' with the discrete compound interest rate 'i', the present worth is given by (A) (1 + i)n/S (B) S/(1 + i)n (C) S/(1 + in) (D) S/(1 + n)i

Last Answer : B) S/(1 + i)n

15. Find the simple interest and the amount when: (a) Principal = Rs 6400, rate = 6% p.a. and time = 2 years (b)Principal = Rs 2650, rate = 8% p.a. and time = 212212 years?

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Last Answer : when followed by a vowel sound or used as an emphatic form

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The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/-

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Last Answer : A = P + Interest = 25500 + 8440.5 = 33940.5 A = P + 1 + (R/100)^3 33940.5 = 25500 a + R/100)^3 a + R/100)^3 = 33940.5 / 25500 a + R/100)^3 = 1.331 a + R/100)^3 = ... R = 10% Simple Interest = Principle Rate Time / 100 = 25500 10 3/100 = 7650 Answer: e)

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

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Some amount out of Rs. 10000 was lent at 6 % p.a. and the remaining at 4% p.a. If the total simple interest from both the fractions in 5 years was Rs. 1500, then the ratio of the 2 different amount is A)1:3 B)3:1 C)1:4 D)3:2

Description : Some amount out of Rs. 10000 was lent at 6 % p.a. and the remaining at 4% p.a. If the total simple interest from both the fractions in 5 years was Rs. 1500, then the ratio of the 2 different amount is A)1:3 B)3:1 C)1:4 D)3:2

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Under ______ debentures, if the issuer fails on payment of either the principal or interest amount, his assets can be sold to repay the liability to the investors A. Secured Debentures B. Partly Convertible Debentures (PCD) C. Fully convertible Debentures (FCD) D. Optionally Convertible Debentures (OCD) E. Unsecured Debentures

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Description : If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

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Last Answer : 82

If 7558.20 in interest was earned after 12350 was invested at a simple interest rate of 7.65. How long (in years) was the money invested?

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Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If Ashwin gained Rs.618/- in the whole transaction, then what sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

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A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

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In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P? A. Rs.9 lakh B. Rs.11 lakh C.Rs. 12 lakh D.Rs.18 lakh E. None of these

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What interest applies when interest for each year is based on the amount of the loan or investment?

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Description : When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is remainder of the loan called?

Last Answer : loan proceeds

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Last Answer : a. Failure is due to simple stress or strain

Is principal a? a. Simple stress b. Complex stress c. Bending stress d. None

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The lens equation 1/f = 1/ + 1/ is applicable (A) When the thickness of the lens is small (B) Only to conjugate distances along the principal axis (C) The computed quantities are accurate enough for geometrical optics of simple distances (D) All the above

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When an ARM (adjustable rate mortgage) adjusts, does only the interest rate change, or is the balance re-amortized for the remaining period?

Description : When an ARM (adjustable rate mortgage) adjusts, does only the interest rate change, or is the balance re-amortized for the remaining period?

Last Answer : ARMs reamortize out to the original length of the contract on the adjustment date. If you make extra principal payments the monthly payments will be reduced to maintain the same maturity date. I knocked over $100 off my monthly payment in the first five years of my mortgage by making extra payments.