The simple interest on ₦8550 for 3 years at x% per annu...
The simple interest on ₦8550 for 3 years at x% per annum is ₦4890. Calculate the value of x to the nearest whole number.
19%
20%
25%
16.3%
Correct answer is A
S.I = PRT100
⟹ N 4890 = 8550×3×x100
x=4890×1008550×3
x=19.06
x≊
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