A businessman borrowed sh 40,000 from a lending institution at a simple interest rate of 2.5% per month. How much did he pay back at...

      

A businessman borrowed sh 40,000 from a lending institution at a simple interest rate of 2.5% per month. How much did he pay back at the end of one year?

A. sh 1,000
B. sh 12,000
C. sh 41,000
D. sh 52,000

  

Answers


Wilfred
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Wilfykil answered the question on July 30, 2019 at 05:41


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