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calculate the simple interest on N7,500 for 8 years at 5% per annum.

Mathematics
JAMB 2008

calculate the simple interest on N7,500 for 8 years at 5% per annum.

  • A. N3,000
  • B. N600
  • C. N300
  • D. N150
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Correct Answer: Option A
Explanation

\(I = \frac{P \times T \times R}{100}\\
=\frac{7500 \times 8 \times 5}{100}\\
=N3000\)

There is an explanation video available below.


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Explanation Video

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WAEC offline past questions - with all answers and explanations in one app - Download for free
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
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts