passpadi

2019

Mathematics

JAMB

The simple interest on ₦8550 for 3 years at x% per annum is ₦4890. Calculate the value of x to the nearest whole number.

A.

19%

B.

20%

C.

25%

D.

16.3%

Correct Answer: 19%

Explanation

S.I = PR/T100 ⟹ N 4890 = (8550 × 3 × x)/100 x = (4890 × 100)/(8550×3) x=19.06 x≊19

S.I = PR/T100 ⟹ N 4890 = (8550 × 3 × x)/100 x = (4890 × 100)/(8550×3) x=19.06 x≊19
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