Home » If N225.00 yields N27.00 in x years simple interest at the rate of 4% per…

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

If N225.00 yields N27.00 in x years simple interest at the rate of 4% per annum, find x
  • A.
    3
  • B.
    4
  • C.
    12
  • D.
    17
Correct Answer: Option A
Explanation

Principal = N255.00, Interest = 27.00
year = x Rate: 4%
∴ 1 = (frac{PRT}{100})
27 = (frac{225 times 4 times T}{100})
2700 = 900T
T = 3 years

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