Musa borrows N10.00 at 2% per month simple interest and r...
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
Correct answer is C
I = PRT100
= 10×2×4100
= 45
= 0.8
Total amount = N10.80
He pays N8.00
Remainder = 10.80 - 8.00
= N2.80
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