At what rate would a sum of N100.00 deposited for 5 years raise an interest
MATHEMATICS
JAMB 1990
At what rate would a sum of N100.00 deposited for 5 years raise an interest of N7.50?
- A. \(\frac{1}{2}\)%
- B. 2\(\frac{1}{2}\)%
- C. 1.5%
- D. 25%
Correct Answer: C. 1.5%
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