Mathematics JSS3 First Term Final Assessment

Assessment

1. Calculate the simple interest on N15000 at 8% for a period of 1 year

  1. N1200
  2. N1100
  3. N1220
  4. N1110

 

2. Calculate the simple interest on N8000 at 9.2% for a period of 2 years

  1. N1472
  2. N172
  3. N472
  4. N147

3. Calculate the time taken for N7000 to yield a simple interest of N924 at 8.8%

  1. 3½ years
  2. 2½ years
  3. 1½ years
  4. 1 year

 

4. Find the compound interest on N2000 for 2 years at 6% per annum

  1. N243.20
  2. N27.20
  3. N247.20
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