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Find the simple interest on ₦450 for 2 years at 15%

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Simple Interest = Principal x Rate x Time

Principal (P) = ₦450
Rate (R) = 15% or 0.15
Time (T) = 2 years

Simple Interest = 450 x 0.15 x 2
Simple Interest = ₦135

Therefore, the simple interest on ₦450 for 2 years at 15% is ₦135.

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