Free account: track your progress — Sign up free

Post-UTME Mathematics 2005 Objective — Question 6

Question 6 of 26 from the Post-UTME Screening (Post-UTME) Mathematics 2005 Objective paper, with the correct answer and a full explanation.

Calculate the simple interest on N20,000.00 in 2 years at a rate of 13% per annual

A. N5200.00Correct
B. N5538.00
C. N113600.00
D. N146078.00

Explanation

SI = PRT/100 = (20000 x 13 x 2)/100 = 5200.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Mathematics 2005 Objective More Mathematics past papers