A maize farmer obtains a loan of N120,000.00 at an interest rate of 9% to…

Agricultural Science WAEC 2002

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.

  • N10,800.00 checkmark
  • N13,333.00
  • N109,200.00
  • N1,080,000.00

The correct answer is: A

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