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What is the simple interest on N450 for 2 years at 3%?
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8 votes
What is the simple interest on N450 for 2 years at 3%?

User Frani
by
8.4k points

1 Answer

7 votes

Answer:

Simple Interest = PTR/100

P=450

T=2

R=3%

Simple Interest = PTR/100

=450×2×3\100

=27

Hence the interest is 27.

User Darkhydro
by
7.8k points
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