JAMB - Mathematics (2008 - No. 5)

calculate the simple interest on N7,500 for 8 years at 5% per annum.
N3,000
N600
N300
N150

Explanation

\(I = \frac{P \times T \times R}{100}\\
=\frac{7500 \times 8 \times 5}{100}\\
=N3000\)

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