If N225.00 yields N27.00 in x years simple interest at the rate of 4% per annum, find x.

Assessment: JAMB UTME - Mathematics - 2020 Subject: General Mathematics

Question 1 Report

If N225.00 yields N27.00 in x years simple interest at the rate of 4% per annum, find x. 
Answer Details

Principal = N225.00, interest = N27.00

Year = x, Rate = 4% 

1 = PRT100 P R T 100

27 = 225×4×x100 225 × 4 × x 100  = 2700 = 900T

T = 2700900 2700 900  

= 3 years

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