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**The simple interest on #8550 for 3 years at x% per annum is #4890. Calculate the value of x to the nearest whole number.**

- A
**16.5%** - B.
**19%** - C.
**25%** - D.
**20%**

**QUICK ANSWER…**

**B**

**SOLUTION****… **** **

**Simple interest I = PRT/100**

**Where P = principal**

** R = rate**

** And T = time**

**Data given:**

**I = #4890**

**P = #8550**

**R = x% and**

**T = 3 years**

**Substituting these, we have:**

**Now for the right answer to the above question:**

**Option A is incorrect.****Option B is correct.****C is incorrect.****D is not the correct answer.**

**QUICK TIPS…**

**You may please note the****se/this****:**

**You would have to make sure the question says per annum before using this simple formula, however in case the rate is per month or per decade or per any other time apart from per annum, then you will have to firstly, convert to per annum before using this simple formula.**

**Use the questions and answer session to correct, express, and contribute your views.**

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**/culled from 2019 JAMB-UTME mathematics question 33 /**