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