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
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