passpadi

2015

Mathematics

JAMB

Find the simple interest on N325 in 5years at 3% per annum.

A.

N48.75K

B.

N50.10K

C.

N75.50K

D.

N15.75K

Correct Answer: N48.75K

Explanation

I =[ PRT ÷ 100] [(325 × 5 × 3) ÷ (100)] N(195 ÷ 4) N48.75K

I =[ PRT ÷ 100] [(325 × 5 × 3) ÷ (100)] N(195 ÷ 4) N48.75K
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