Udoh deposited ₦150.00 in the bank. At the end of 5 years the simple interest on the principal was ₦55.00. At what rate per annum was the interest paid?

Assessment: JAMB UTME - Mathematics - 1986 Subject: General Mathematics

Question 1 Report

Udoh deposited ₦150.00 in the bank. At the end of 5 years the simple interest on the principal was ₦55.00. At what rate per annum was the interest paid?

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