If N25,000.00 is kept in a bank at the rate of 2% simple interest, how much will it amount to at the end of 5 years? - SchoolNGR

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If N25,000.00 is kept in a bank at the rate of 2% simple interest, how much will it ...

If N25,000.00 is kept in a bank at the rate of 2% simple interest, how much will it amount to at the end of 5 years?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A N2,500.00
B N5,000.00
C N12,500.00
D N27,500.00
E N125,000.00

Correct Answer: Option D

Explanation:

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