Oke deposited ₦800.00 in the bank at the rate of \(12\frac{1}{2}\%\) simple interest. After some time the total amount was one and half times the principal....

This problem is asking us to find the number of years that Oke's ₦800.00 deposit was left in the bank at a certain interest rate, given that the total amount he received was one and a half times the original deposit amount. We can start by using the simple interest formula, which is: Simple Interest = Principal * Rate * Time Here, we know the principal is ₦800.00 and the rate is 12.12%. We don't know the time, which is what we're trying to find. Let's call it "t". We also know that the total amount Oke received after some time was one and a half times the original deposit amount, or: Total Amount = 1.5 * Principal Substituting the values we know, we get: Total Amount = 1.5 * ₦800.00 = ₦1200.00 We can use this equation to solve for "t" by first finding the simple interest: Simple Interest = Total Amount - Principal Simple Interest = ₦1200.00 - ₦800.00 = ₦400.00 Then, we can rearrange the simple interest formula to solve for "t": Time = Simple Interest / (Principal * Rate) Substituting the values we know, we get: Time = ₦400.00 / (₦800.00 * 0.1212) = 4 years (rounded to the nearest whole number) Therefore, Oke's money was left in the bank for 4 years.