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BECE Mathematics 2024 Paper

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Question : 23

Total: 40

Find the interest on GH₵ 400.00 for 2 years at 10% simple interest per annum.

GH₵ 8.00
GH₵ 40.00
GH₵ 80.00
GH₵ 60.00

Solution:

Concept:

Simple interest is calculated using the formula

\text{SI} = \frac{P \times R \times T}{100}

.

Explanation:

Here, Principal

P = 400

, Rate

R = 10\%

per annum, and Time

T = 2

years.

Substitute these values into the formula:

\text{SI} = \frac{400 \times 10 \times 2}{100}

Simplify by cancelling the two zeros in

400

and

100

:

\text{SI} = 4 \times 10 \times 2 = 80

So, the simple interest is GH₵ 80.00.

Answer:

C. GH₵ 80.00

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