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Mike took a loan of $20,000 from a bank on 4 February 2009 at the rate of 8% p.a and paid back the same on 6th July 2009. Find the total amount paid by Mike A. N20,666.30 B. N21,777.40 C. N22,888.50 D.
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16 votes
16 votes
Mike took a loan of $20,000 from a bank on 4 February 2009 at the rate of 8% p.a and paid back the same on 6th July 2009. Find the total amount paid by Mike

A. N20,666.30
B. N21,777.40
C. N22,888.50
D. N24,999.60
​

User Aupajo
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1 Answer

13 votes
13 votes
its B! N21,777,40 because 8% p.a and paid back the same on 6th july 2009. so the total amount paid by Mike should be N21,777,40
User Ayumi
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