Home » Classroom » JAMB Mathematics 2011 Question

A man invested N5 000 for 9 months at 4 What is... - JAMB Mathematics 2011 Question

A man invested N5,000 for 9 months at 4%. What is the simple interest?
A
N150
B
N220
C
N130
D
N250
correct option: a

S.I. = (\frac{P \times R \times T}{100})

If T = 9 months, it is equivalent to (\frac{9}{12}) years

S.I. = (\frac{5000 \times 4 \times 9}{100 \times 12})

S.I. = N150

Please share this, thanks:

#JAMB #JAMB

Add your answer

Notice: Please post responsibly.

No responses