A maize farmer obtains a loan of N120,000.00 at an intere...
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.
N10,800.00
N13,333.00
N109,200.00
N1,080,000.00
Correct answer is A
No explanation has been provided for this answer.
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