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Friday, 03 April 2026
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Use the following information to answer the question below \(\begin{array}{c|c} ...

Use the following information to answer the question below
\(\begin{array}{c|c}
& Ade(N) & Bola(N) \\
\hline
Capital & 40,000 & 30,000 \\
\hline
Drawings & 10,000 & 15,000
\end{array}\)
Interest on drawing is 5%; profit is shared equally.
Ade's share of profit is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N5,500
  • B N4,250
  • C N2,750
  • D N1,250
Correct Answer: Option C
Explanation:

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