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WAEC - Mathematics (2007 - No. 46)

At what rate per cent per annum will N520.00 yield a simple interest of N39.00 in three years?
4%
3\(\frac{1}{2}\)%
3%
2\(\frac{1}{2}\)%

Vysvětlení

SI = \(\frac{PRT}{100}\)

39 = \(\frac{520 \times R \times 3}{100}\)

1560R = 3900

R = \(\frac{3900}{1560}\)

= 2.5%

R = 2\(\frac{1}{2}\)%

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