Question

9.

How many years will it take to earn N8100
simple interest on N180000 at 9% per annum?what the answer?

Answer 1

9514 1404 393

Answer:

1/2 year

Explanation:

Put the numbers into the interest formula and solve for t.

I = Prt

8100 = 180000(0.09)t

t = 8100/16200 = 1/2

It will take 1/2 year to earn N8100 in interest at 9%.