Find the simple interest rate percent annum at which N1000 accumulates to N1240 in 3
MATHEMATICS
JAMB 2020
Find the simple interest rate percent annum at which N1000 accumulates to N1240 in 3 years.
- A. 6%
- B. 8%
- C. 10%
- D. 12%
Correct Answer: B. 8%
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