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A student’s annual interest on his savings account is ₦5,000. If the rate of ...

A student’s annual interest on his savings account is ₦5,000. If the rate of interest is 9½%, find the amount he deposited to the nearest Naira.
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  • A ₦53.14
  • B ₦47.63
  • C ₦52.63
  • D ₦51.15
  • E ₦41.65
Correct Answer: Option C
Explanation:

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