calculate the simple interest on N7,500 for 8 years at 5% per annum.
-
A.
N3,000 -
B.
N600 -
C.
N300 -
D.
N150
Correct Answer: Option A
Explanation
(I = frac{P times T times R}{100}\
=frac{7500 times 8 times 5}{100}\
=N3000)
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