Question on: JAMB Mathematics - 2008
calculate the simple interest on N6,500 for 8 years at 5% per annum.
A
N3,000
B
N600
C
N300
D
N150
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Correct Option: A
\(I = \frac{P \times T \times R}{100}\\
=\frac{7500 \times 8 \times 5}{100}\\
=N3000\)
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