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Mathematics · Fractions, decimals, approximations and percentages

MathematicsFractions, decimals, approximations and percentagesJAMB

Find the simple interest on ₦20,000 at 5% per annum for 3 years.

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Answer: B. ₦3,000

I = PRT/100 = 20,000 × 5 × 3/100 = ₦3,000.

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