BECE Mathematics 2023 Objective — Question 21
Question 21 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Mathematics 2023 Objective paper, with the correct answer and a full explanation.
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At what rate per annum will ₦1,600 give ₦400.00 as simple interest in 2 years?
- A. 5.5%
- B. 7.2%
- C. 8.0%
- D. 10.5%
- E. 12.5%Correct
Explanation
R = (100 × I)/(P × T) = (100 × 400)/(1600 × 2) = 12.5%.
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