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

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Mathematics JAMB 2008

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

  • N3,000 checkmark
  • N600
  • N300
  • N150

The correct answer is: A

Explanation

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

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