Search SchoolNGR

Wednesday, 08 April 2026
Register . Login

Use the information below to answer question Rakiya and Joy are in partnership and ...

Use the information below to answer question
Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, N200 on March 31 and N300 on September 30. Joy, N100 on April 1 and N240 on July 1.
The interest on joy's drawing is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N6.00
  • B N7.25
  • C N9.00
  • D N9.75
Correct Answer: Option D
Explanation:

Share question on: