Udoh deposited N150.00 in the bank. At the end of 5 years...
Udoh deposited N150.00 in the bank. At the end of 5 years the simple interest on the principal was N55.00. At what rate per annum was the interest paid?
11%
713%
5
312%
Correct answer is B
S.I = PTR100
R = 100PT
100×50150×6 = 223
= 713%
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