WAEC SSCE - General Mathematics - 2009…

Find the value to which N3000.00 will amount in 5 years at 6% per annum simple interest

N3,900.00 Azịza ziri ezi

N3,750.00

N3,600.00

N3,300

Akọwa Nkọwa

Simple interest is calculated as the product of the principal, the rate of interest, and the time duration. From the question, we have a principal of N3000.00, an interest rate of 6%, and a duration of 5 years. Using the formula for simple interest, we can find the interest accrued over the 5 years as: Interest = (P * R * T) / 100 = (3000 * 6 * 5) / 100 = N900.00 The total value to which N3000.00 will amount to after 5 years is the sum of the principal and the interest, which is: Total = Principal + Interest = 3000 + 900 = N3900.00 Therefore, N3000.00 will amount to N3900.00 after 5 years at 6% per annum simple interest. So the correct answer is option A, N3,900.00.

Gụọ akwụkwọ nkuzi na Modular Arithmetic (WAEC)

Gụọ akwụkwọ nkuzi na Ratio, Proportions And Rates (WAEC)






Pịa ma Jide iji Dọkpụrụ Ya
Pịa Ebe a ka Imechi

WAEC SSCE - General Mathematics - 2009 (Objective)