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What is the value of the expression "the amount of One naira Per annum in n' years multiplied by Two naira"?

Mathematics

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Step 1: Interpret the financial terms.
The phrase "amount of One naira Per annum" is interpreted as the total amount (principal + interest) when the principal is 1 naira and the annual interest rate is 100% (or 1). We will assume simple interest as it is not specified otherwise. The formula for simple interest amount is A=P(1+RT)A = P(1 + RT), where PP is the principal, RR is the annual interest rate, and TT is the time in years.
In this case, P=1P = 1 naira and R=1R = 1 (for 100% per annum).

Step 2: Calculate each component of the expression.

  • The first part is "the amount of One naira Per annum in n′n' years". Using the simple interest formula with P=1P=1, R=1R=1, and T=n′T=n':
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