Accounting JAMB

Find the interest on drawings of G?

Given:

Capital: ……G……….. N5 000
……………….T………… N8 000

Drawings: G………….. N2 000
……………..T…………….N1 000

Interest on capital..10%
Interest on Drawings..5%

A. N50
B. N100
C. N200
D. N250

Correct Answer:

Option B – N100

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