Question 1 Report
Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months. How much does he still owe?
I = PRT100
= 10×2×4100
= 45
= 0.8
Total amount = N10.80
He pays N8.00
Remainder = 10.80 - 8.00
= N2.80
Everything you need to excel in your exams