Find the simple interest rate percent annum at which N1000 accumulates to N1240 in 3 years.
a
6%
b
8%
c
10%
d
12%
Explanation
Correct Option
bVideo Explanation
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Find the simple interest rate percent annum at which N1000 accumulates to N1240 in 3 years.
6%
8%
10%
12%