Find the simple interest on N325 in 5years at 3% per annum.
-
N48.75K
- N50.10K
- N75.50K
- N15.75K
The correct answer is: A
Explanation
I =[ PRT ÷ 100][(325 × 5 × 3) ÷ (100)]
N(195 ÷ 4)
N48.75K
There is an explanation video available .