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