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Kinje invested money with a financial institution that paid Simple Interest at the rate of 5% p.a. After 60 months the money earned an interest...

Kinje invested money with a financial institution that paid Simple Interest at the rate of 5% p.a. After 60 months the money earned an interest of sh 5000. How much had he invested?

A. sh 20 000
B. sh 1666.70
C. sh 1 250
D. sh 200

Answers


Wilfred
The correct answer is 20, 000 [A]

Principle= P
Rate = R= 5%
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Wilfykil answered the question on July 29, 2019 at 08:15

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