2011
Mathematics
67ca00ce0c643c71d77dee1f
A man invested N5,000 for 9 months at 4%. What is the simple interest?
A.
N150
B.
N220
C.
N130
D.
N250
Correct Answer: N150
Explanation
S.I. = P×R×T/100 If T = 9 months, it is equivalent to 9/12 years S.I. = 5000×4×9/(100×12) S.I. = N150
S.I. = P×R×T/100 If T = 9 months, it is equivalent to 9/12 years S.I. = 5000×4×9/(100×12) S.I. = N150THIS WEEK's
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