Question on: JAMB Mathematics - 2008
Calculate the simple interest on N7500 for 8 years at 5% per annum
A
N3000
B
N600
C
N300
D
N150
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Correct Option: A
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
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
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