Find the simple interest on N325 in 5years at 3% per annum.
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Correct Answer: Option A
Explanation:
I =[ PRT ÷ 100]
[(325 × 5 × 3) ÷ (100)]
N(195 ÷ 4)
N48.75K
I =[ PRT ÷ 100]
[(325 × 5 × 3) ÷ (100)]
N(195 ÷ 4)
N48.75K