Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months.
MATHEMATICS
JAMB 2021
Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months. How much does he still owe?
- A. N10.80
- B. N10.67
- C. N2.80
- D. N2.67
Correct Answer: C. N2.80
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