The Amount of Simple Interest Is Equal to the Product

Multiple Choice

The amount of simple interest is equal to the product of the principal times ____ times ____.

A) (1 + rate per time period) ; the number of time periods
B) (1 + rate per time period) ; (the number of time periods - 1)
C) rate per time period; the number of time periods
D) rate per time period; (the number of time periods - 1)