MathematicsFractions, decimals, approximations and percentagesWAEC
A sum of money amounts to ₦13,310 after 3 years at 10% compound interest per annum. The principal is
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Answer: C. ₦10,000
P × 1.1³ = 13,310, and 1.1³ = 1.331.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.