At what rate would a sum of N100.00 deposited for 5 years raise an interest
MATHEMATICS
JAMB 2021
At what rate would a sum of N100.00 deposited for 5 years raise an interest of N7.50?
- A. 12%
- B. 21/2%
- C. 1.5%
- D. 25%
Correct Answer: C. 1.5%
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