If the simple interest on a sum of money invested at 3% per annum for 2\(\frac{1}{2}\) years is N123, find the principal.
A
N676.50
B
N820
C
N1,640
D
N4,920
Verified Correct Answer: C.
Step-by-Step Mathematical Solution
No expanded working has been attached for this question yet. The verified answer is Option C.
Source: Myschool Past Questions Archive (Record #46997)