Simple Interest

Simple Interest

Secondary 3
  1. Calculate the simple interest on \(\$900\) at \(5\%\) per annum for \(2\) years.
  2. Calculate the simple interest of \(\$3000\) for \(3\) years \(5\) months at \(4\%\) per annum.

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Answer:(i) \(\$90\). (ii) \(\$410\).

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