Find the principal which amounts to ₦ 5,500 at a simple interest in 5 years
MATHEMATICS
JAMB 2017
Find the principal which amounts to ₦ 5,500 at a simple interest in 5 years at 2% per annum
- A. ₦ 4,900
- B. ₦ 5,000
- C. ₦ 4,700
- D. ₦ 4,000
Correct Answer: B. ₦ 5,000
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