Post-UTME Mathematics 2019 Objective — Question 16
Question 16 of 50 from the Post-UTME Screening (Post-UTME) Mathematics 2019 Objective paper, with the correct answer and a full explanation.
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Musa borrows N10.00 at 2% per month interest and repays N8.00 after 4 months. How much does he still owe?
- A. N10.80
- B. N10.67
- C. N2.80Correct
- D. N2.67
Explanation
Interest = 10 x 0.02 x 4 = 0.8; total owed = 10.80; after repaying 8.00, remaining = N2.80.
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