Question

Find the simple interest on $2 400.00 at the rate of 5% per annum for 4years. (a) N240.00 (b) N200.00 (c) N400.00 (d) N480.00

Answer 1

Answer:

480 dollars

Step-by-step explanation:

$simple \: interest \: = (\: principal \: value \: \times interest \: rte \: \times time )\div 100$

$simple \: interest \: = (\: 2400 \times 5 \times 4) \div 100$

$simple \: interest \: = \: 480 \: dollars$

Answer 2

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