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JAMB Mathematics 2011 Paper
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© africaexams.com
Question : 3
Total: 46
A man invested N5,000 for 9 months at 4%. What is the simple interest?
N150
N220
N130
N250
Validate
Solution:
S.I. =
P
×
R
×
T
100
If T = 9 months, it is equivalent to
9
12
years
S.I. =
5000
×
4
×
9
100
×
12
S.I. = N150
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