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Find the simple interest on N325 in 5years at 3% per annum.

Mathematics
JAMB 2015
Find the simple interest on N325 in 5years at 3% per annum.
  • A. N48.75K
  • B. N50.10K
  • C. N75.50K
  • D. N15.75K
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Correct Answer: Option A
Explanation
I =[ PRT ÷ 100]

[(325 × 5 × 3) ÷ (100)]

N(195 ÷ 4)

N48.75K

There is an explanation video available below.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789