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: Option A
Explanation
(I = frac{P times T times R}{100}\
=frac{7500 times 8 times 5}{100}\
=N3000)
calculate the simple interest on N7,500 for 8 years at 5% per annum.
(I = frac{P times T times R}{100}\
=frac{7500 times 8 times 5}{100}\
=N3000)