2021
Mathematics
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Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months. How much does he still owe?
A.
N10.80
B.
N10.67
C.
N2.80
D.
N2.67
Correct Answer: N2.80
Explanation
I = (PRT)/100 = (10 × 2 × 4)/100 = 4/5 = 0.8 Total amount = N10.80 He pays N8.00 Remainder = 10.80 - 8.00 = N2.80
I = (PRT)/100 = (10 × 2 × 4)/100 = 4/5 = 0.8 Total amount = N10.80 He pays N8.00 Remainder = 10.80 - 8.00 = N2.80THIS WEEK's
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