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BECE Mathematics 2022 Objective — Question 20

Question 20 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Mathematics 2022 Objective paper, with the correct answer and a full explanation.

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Find the simple interest on N30,000.00 for 2 years at 2% per annum.

  • A. N600.00
  • B. N612.00
  • C. N1,200.00Correct
  • D. N1,212.00
  • E. N1,500.00

Explanation

I = PRT/100 = 30,000 × 2 × 2 ÷ 100 = N1,200.

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