If N2 500 00 amounted to N3 50 00 in 4 years at... - WAEC Mathematics 2012 Question
If N2,500.00 amounted to N3,50.00 in 4 years at simple interest, find the rate at which the interest was charged
A
5%
B
7\(\frac{1}{2}\)%
C
8%
D
10%
Ask EduPadi AI...
Correct Option: D
A = 3,500, P = N2,500
A = P + I
But I = N3,500 - N2,500
I = N1,000
I = (\frac{PRT}{100})
N1,000 = (\frac{2.500 \times R \times 4}{100})
1000 = 100R
R = (\frac{1000}{100})
= 10%
Please share this, thanks:
#WAEC #WAEC
Add your answer
No responses