Agricultural Science WAEC

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?

A. D2,500.00
B. D5,000.00
C. D7,500.00
D. D10,000.00

Correct Answer: Option A

A. D2,500.00

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Tags: Agricultural Science
6 years ago

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