A cowpea farmer obtained a loan of D50,000.oo from his co-operative society at an interest rate of 5%. Calculate the interest to be paid on the borrowed capital after one year? By: Sunday|Published on: Jan 22|Categories: Agricultural Science WAEC| 0 comments A. D2,500.00 B. D5,000.00 C. D7,500.00 D. D10,000.00 Correct Answer: Option A A. D2,500.00 Users Also Read These:Interest on capital is 10%. The net profit for the…Â A maize farmer obtains a loan of N120,000.00 at an…Interest on drawings is 5%, interest on capital is…A source of capital to a public company which…Interest on drawings is 5%, interest on capital is…SEE ALSO A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth year, he sold it for N4,300. The salvage value is?