Question on: WAEC Mathematics - 2008
P naira invested for 4 years invested for 4 years at r% simple interest per annum yields 0.36 p naira interest. Find the value of r
A
1\(\frac{1}{9}\)
B
1\(\frac{4}{9}\)
C
9
D
11
Ask EduPadi AI for a detailed answer
Correct Option: C
I = (\frac{PRT}{100})
where r = r% p.a; I = 0.36p
0.36p = (\frac{P \times r \times 4}{100})
(\frac{0.36 \times 100}{4}) = r
r = 9
Add your answer
Please share this, thanks!
No responses