A maize farmer obtains a loan of N120,000.00 at an interest rate of 9% to be repaid in one year.Calculate the interest to be paid on the loan.
-
A.
N10,800.00 -
B.
N13,333.00 -
C.
N109,200.00 -
D.
N1,080,000.00
You May Also Like
What is delegation of authority? (b) State four advantages of delegation of authority.
(a) What is delegation of authority? (b) State four advantages of delegation of authority. Explanation (a) Delegation…
State any three Newspapers formed by nationalist in Nigeria after the Second World War….
(a) State any three Newspapers formed by nationalist in Nigeria after the Second World War. (b) Highlight any…
Find the roots of x(^3) – 2x(^2) – 5x + 6 = 0
Find the roots of x(^3) – 2x(^2) – 5x + 6 = 0 A. 1, -2, 3 B.…
State four importance of public service in Nigeria. (b) List three ways by which…
(a) State four importance of public service in Nigeria. (b) List three ways by which public service can…
A ”no claim discount” will be granted under
A ”no claim discount” will be granted under A. fidelity guarantee insurance B. marine insurance C. life insurance…