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Post-UTME Mathematics 2019 Objective — Question 39

Question 39 of 50 from the Post-UTME Screening (Post-UTME) Mathematics 2019 Objective paper, with the correct answer and a full explanation.

If N225.00 yields N27.00 in x years simple interest at the rate of 4% per annum, find x

A. 3Correct
B. 4
C. 12
D. 17

Explanation

I = PRT/100; 27 = (225x4xT)/100; 2700=900T; T=3 years.

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