## If P is principal amount, i is the rate of interest and n is the number of periods in years, then the interest factor is: A. (1 + ni) B. (ni ? 1) C. ni D. None of these.The interest calculated on the basis of 365 days a year, is known as : A. interest B. ordinary simple interest C. exact simple interest D. None of these.The product of CAF (S P) and PWF (SP) is : A. 1/2 B.1 C. 1/3 D.4. Pick up the correct statement from the following : A. An annuity is a serious of equal payments occurring at equal period of time. B. Annuity is called an equal payment or uniform payment series. C. An annuity may have periods of time of any length but should always be of equal length. D. All the above. Annuities involve : A. a series of payments B. all payments of equal amount C. payment at equal time intervals D. All of these

If P is principal amount, i is the rate of interest and n is the number of periods in years, then the interest factor is:A. (1 + ni)B. (ni ? 1)C. niD. None of these The interest calculated on the basis of 365 days a year, is known as :A. interestB. ordinary simple interestC. exact …