Practicing Success
Practicing Success
CUET Preparation Today
If A is the amount of obligation, r is the rate of interest per payment period and $i=\frac{r}{100},$ then the amount of each payment can be calculated using which of the following formulae, where n is the number of payment s? |
$R=\left[\frac{(1+i)^n-1}{i}\right]×A$ $R=\left[\frac{A×i}{(1+i)^n+1}\right]×A$ $R=\left[\frac{A×i}{(1+i)^n-1}\right]×A$ $R=\left[\frac{(1+i)^n+1}{i}\right]×A$ |
$R=\left[\frac{A×i}{(1+i)^n-1}\right]×A$ |
