Question 1 Report
A man invested ₦5,000 for 9 months at 4%. What is the simple interest?
Answer Details
S.I. = P×R×T100 P × R × T 100 If T = 9 months, it is equivalent to 912 9 12 years S.I. = 5000×4×9100×12 5000 × 4 × 9 100 × 12 S.I. = ₦150
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