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BECE/Junior WAEC
If Tolu collects a loan of ₦250,000.00 from a bank at the rate of 11 1/2 % interest, how much will she pay as interest at the end of the year?
A.
₦27,500.00
B.
₦28,750.00
C.
₦50,000.00
D.
₦55,000.00
E.
₦57,500.00
Answer: B
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