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Question 48

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
Objective

Question details

Exam body
WAEC
Subject
Agricultural Science
Year
2015
Question no.
#48
Type
Objective
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