Mohammed borrowed ₦2,500 at 4% p.a. compound interest. He repays ₦600 at the end of each year. Find out during which year the debt will finish.

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Jeffrey OkhumodeJeffrey Okhumode asked 4 years ago

Mohammed borrowed ₦2,500 at 4% p.a. compound interest. He repays ₦600 at the end of each year. Find out during which year the debt will finish.

Oluwatetisimi OgunadeOluwatetisimi Ogunade replied 2 years ago

5 years later

Pamilerin OluwafemiPamilerin Oluwafemi replied 4 months ago

1years

4 Answers
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Adewonuola AdeniyiAdewonuola Adeniyi answered 4 years ago

The year you were born

Gift GbenroGift Gbenro replied 4 years ago

you are answering him wrongly

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Gift GbenroGift Gbenro answered 4 years ago

1900

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Eunice OkerekeEunice Okereke answered 4 years ago

3years

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esther olayiwolaesther olayiwola answered 2 years ago

4 years

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