Question on: JAMB Mathematics - 2011
A man invested N5,000 for 9 months at 4%. What is the simple interest?
A
N150
B
N220
C
N130
D
N250
Ask EduPadi AI for a detailed answer
Correct Option: A
S.I. = (\frac{P \times R \times T}{100})
If T = 9 months, it is equivalent to (\frac{9}{12}) years
S.I. = (\frac{5000 \times 4 \times 9}{100 \times 12})
S.I. = N150
Add your answer
Please share this, thanks!
No responses