passpadi

2008

Mathematics

JAMB

calculate the simple interest on N7,500 for 8 years at 5% per annum.

A.

N3,000

B.

N600

C.

N300

D.

N150

Correct Answer: N3,000

Explanation

I=(P×T×R)/100 = (7500 × 8 × 5)/100 = N3000

I=(P×T×R)/100 = (7500 × 8 × 5)/100 = N3000
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