musa borrow #10 at 2% per month simple interest and pays #8 after 4 month, how much does he still owe?
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Correct Answer: Option D
Explanation:
P = #10
Rate = 2%
4/12 = 1/3 has been paid
8/12 = 2/3 owning
rate x owning x remaining amount to be paid
2 x 2/3 x 2 = 2.67
P = #10
Rate = 2%
4/12 = 1/3 has been paid
8/12 = 2/3 owning
rate x owning x remaining amount to be paid
2 x 2/3 x 2 = 2.67