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BECE Mathematics 2017 Paper
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© africaexams.com
Question : 12
Total: 40
A woman deposited an amount of GH₵ 50,000.00 at a bank for 2 years at a rate of 20% per annum. Find the simple interest.
GH₵ 1,000.00
GH₵ 2,000.00
GH₵ 10,000.00
GH₵ 20,000.00
Validate
Solution:
Principal = GH₵ 50,000.00, Time = 2 years and Rate = 20%
Simple interest = 5000 × 2 × 2 = GH₵ 20,000.00
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