Find the simple interest on ₦5,000 at 4% per annum for 3 years.
A₦300
B₦450
C₦600CORRECT
D₦750
JAMB UTMEMathematics
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Why the answer is C, and why the others tempt you.
SI = PRT/100 = (5000 × 4 × 3)/100 = 60000/100 = ₦600.
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