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1

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

  • A. N3,000
  • B. N600
  • C. N300
  • D. N150
View Answer & Discuss (10) JAMB 2008
2

Ladi sold a car for N84,000 at a loss of 4%. How much did ladi buy the car?

  • A. 80,500
  • B. 80,640
  • C. 87,360
  • D. 87,500
View Answer & Discuss (12) WAEC 2005
3

At what rate will the interest on N400 increases to N24 in 3 years reckoning in simple interest?

  • A. 3%
  • B. 2%
  • C. 5%
  • D. 4%
View Answer & Discuss JAMB 2010
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4

Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months. How much does he still owe?

  • A. N10.80
  • B. N10.67
  • C. N2.80
  • D. N2.67
View Answer & Discuss (3) JAMB 1991
5

At what rate would a sum of N100.00 deposited for 5 years raise an interest of N7.50?

  • A. \(\frac{1}{2}\)%
  • B. 2\(\frac{1}{2}\)%
  • C. 1.5%
  • D. 25%
View Answer & Discuss (5) JAMB 1990
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