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?
N10.80
N10.67
N2.80
N2.67
Answer Details
I = PRT100 P R T 100 = 10×2×4100 10 × 2 × 4 100 = 45 4 5 = 0.8Total amount = N10.80He pays N8.00Remainder = 10.80 - 8.00= N2.80
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