Calculate the simple interest on N7500 for 8 ye... - JAMB Mathematics 2008 Question

Calculate the simple interest on N7500 for 8 years at 5% per annum

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

S.I = (\frac{7500 \times 5 \times 8}{100})

S.I = (\frac{300000}{100})

S.I = N3000