MathematicsFractions, decimals, approximations and percentagesJAMB
Find the compound interest on ₦10,000 at 10% per annum for 2 years.
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Answer: A. ₦2,100
Amount = 10,000 × 1.1² = ₦12,100; interest = 12,100 − 10,000 = ₦2,100.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.