Find the value to which N3000.00 will amount in 5 years a...
Find the value to which N3000.00 will amount in 5 years at 6% per annum simple interest
N3,900.00
N3,750.00
N3,600.00
N3,300
Correct answer is A
A = P + I
p + PRT100
A = N3000 (1 + 6×5100)
= N3000(1 + 0.3)
A = N3000 (1.3)
= N3,900.00