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Find the simple interest on N225 in 5 years at 10%

• A. N112.50

• B. N224.00

• C. N108.00

• D. N167.60

QUICK ANSWER…

A

SOLUTION…  

Now for the right answer to the above question:

1. Option A is correct.
2. Option B is incorrect.
3. C is incorrect.
4. D is not the correct answer.

QUICK TIPS…

You may please note these/this:

• In case the time is not expressed in terms of years, you must firstly convert to years before applying the above formula.

Use the questions and answers session to raise further questions and deal more on this topic…

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/ culled from 2017 JAMB-UTME mathematics question 1 /