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If jk is the rate of simple interest for the k-th period of time, where...

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Accounting

imageIf jk is the rate of simple interest for the k-th period of time, where k = 1, 2, ..., n, show that the amount of interest earned from time 0 to time n is j1 +j2 +...+jn, if an investment of 1 is made at time 0.

2. If jk is the rate of simple interest for the k-th period of time, where k=1,2,,n, show that the amount of interest earned from time 0 to time n is j1+j2++jn, if an investment of 1 is made at time 0

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