A cowpea farmer obtained a loan of D50,000.oo from his co...
A cowpea farmer obtained a loan of D50,000.oo from his co-operative society at an interest rate of 5%. Calculate the interest to be paid on the borrowed capital after one year?
D2,500.00
D5,000.00
D7,500.00
D10,000.00
Correct answer is A
No explanation has been provided for this answer.
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