ECZ 2023 · GCE Paper 1 — Social and Commercial Arithmetic
Paul invests K50 000.00 in a government bond at 9% simple interest per annum. How much will the bond be worth after 3 years?
- A. K13 500.00
- B. K59 000.00
- C. K63 500.00
- D. K65 000.00
Verified working — step 1
Simple interest = PRTThe full step-by-step working and final answer are included with Premium — checked against ECZ marking standards.
Original examination question © Examinations Council of Zambia. Worked solution and commentary © G12 Titan — not to be reproduced without permission.
Have a different question?
Search it — if it is from a past paper or a school mock, chances are we have it worked out, or one that uses the same method.
Search any past-paper question