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JAMB Mathematics 2017 Objective — Question 1

Question 1 of 40 from the Joint Admissions and Matriculation Board (JAMB) Mathematics 2017 Objective paper, with the correct answer and a full explanation.

Find the simple interest on N225 in 5 years at 10%.

A. A. N108.00
B. B. N224.00
C. C. N112.50Correct
D. D. N167.60

Explanation

I = PRT/100 = (225x10x5)/100 = N112.50.

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