Question

What is the interest factors if the proncipal is p, time periods in year is n,and the intersst is i?

Answer 1

Answer:

The periodic rate is the interest rate charged over a certain number of time periods. The periodic rate equals the annual interest rate divided by the number of periods. For example, the interest on a home loan is usually calculated monthly, so if the annual interest rate is 4 percent, then you divide that by 12 and get 0.33 percent. That’s your interest every month.

Answer 2

Answer:

is  option A: ni