A farmer obtained a of #250,000 at a simple interest rate of 8% per annum to be paid in two years what would be the interest the farmer will pay on the loan?
-
A.
# 20,000 -
B.
#40,000 -
C.
#250,000 -
D.
#400,000
You May Also Like
What are the positive and negative consequences of the Nigerian civil war (1967 – 1970)?
What are the positive and negative consequences of the Nigerian civil war (1967 – 1970)? Explanation (a)The positive…
The change in colour of the chameleon serves as a means of
The change in colour of the chameleon serves as a means of A. attraction to the opposite sex…
Ten thousand saw i at glance……. Illustrates_________
Ten thousand saw i at glance……. Illustrates_________ A. Caesura B. Climax C. Bathos D. Hyperbole Correct Answer: Option…
Which of the following is not an example of Marine insurance?
Which of the following is not an example of Marine insurance? A. Fidelity B. Hull C. Cargo D.…
A cylindrical pipe 50m long with radius 7m has one end open. What is the…
A cylindrical pipe 50m long with radius 7m has one end open. What is the total surface area…