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JAMB Mathematics 2008 Objective — Question 5

Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Mathematics 2008 Objective paper, with the correct answer and a full explanation.

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Calculate the simple interest on #7500 for 8 years at 5% per annum

  • A. #3000Correct
  • B. #600
  • C. #300
  • D. #150

Explanation

I = PRT/100 = (7500x5x8)/100 = N3000.

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