If N225 00 yields N27 00 in x years simple inte... - JAMB Mathematics 1993 Question
If N225.00 yields N27.00 in x years simple interest at the rate of 4% per annum, find x
A
3
B
4
C
12
D
17
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Correct Option: A
Principal = N255.00, Interest = 27.00
year = x Rate: 4%
∴ 1 = (\frac{PRT}{100})
27 = (\frac{225 \times 4 \times T}{100})
2700 = 900T
T = 3 years
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