At what rate per cent per annum will N520.00 yield a simp...
At what rate per cent per annum will N520.00 yield a simple interest of N39.00 in three years?
4%
312%
3%
212%
Correct answer is D
SI = PRT100
39 = 520×R×3100
1560R = 3900
R = 39001560
= 2.5%
R = 212%
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