Find the principal which amounts to N5,500 at a simple interest in 5 years at
MATHEMATICS
JAMB 2001
Find the principal which amounts to N5,500 at a simple interest in 5 years at 2% per annum.
- A. N4,900
- B. N5,000
- C. N4,700
- D. N4,800
Correct Answer: B. N5,000
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