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It assesses knowledge in subjects relevant to the candidate’s chosen course of study.","tags","utme jamb joint admission matriculation board unified tertiary matriculation examination nigeria africa","version","vip","location",{"_390":391,"_392":393},"type","Point","coordinates",[394,395],9.082,10.3671,"ng","priority",5,"createdOn",1755987353430,"updatedOn","questionsCount",29915,"courseCount",20,"examKey","questionData",{"_369":409,"_410":411,"_412":413,"_278":415,"_416":417,"_263":370,"_418":419,"_420":421,"_110":426},"6YqSesiBlQmahNGyuv3H6RzqN3ITJ8","q","A man wishes to keep his money in a savings deposit at 25% compound interest so that after three years he can buy a car for N150,000. How much does he need to deposit?","ans",[414],3,"2000","course","mathematics","exp","Amount A = P(1+r)ⁿ;
\nA = N150,000, r = 25%, n = 3.
\n150,000 = P(1+0.25)³ = P(1.25)³
\n
\nP = 150,000/1.25³ =N76,800.00","opts",[422,423,424,425],"N112,000.50","N96,000.00","N85,714.28","N76,800.00",6,"6","initComment","initReply","actionData","errors"]

JAMB - Mathematics (2000 - No. 6)

Explanation

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