Calculate the time taken for N3000 to earn N600 if invested at 8% simple interest
a
2\(\frac{1}{2}\) years
b
3 years
c
3\(\frac{1}{2}\) years
d
1\(\frac{1}{2}\) years
Explanation
Correct Option
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2\(\frac{1}{2}\) years
3 years
3\(\frac{1}{2}\) years
1\(\frac{1}{2}\) years