Mathematics > 2004 > 48
WASSCE
A Cooperative Society charges an interest of 5 1/2% per annum on any amount borrowed by its members. If a member borrows ₦125,000, how much does he pay back after one year?
A.
₦136,875
B.
₦131,875
C.
₦128,750
D.
₦126,250
Answer: B
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