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Question 54

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.

  • A.N10,800.00
  • B.N13,333.00
  • C.N109,200.00
  • D.N1,080,000.00
Objective

Question details

Exam body
WAEC
Subject
Agricultural Science
Year
2002
Question no.
#54
Type
Objective
Previous · Q53Farm accounts help the farmer to Next · Q55 Agricultural extension programme

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