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If the simple interest on a certain amount of money saved in a bank for 5 years at ...

If the simple interest on a certain amount of money saved in a bank for 5 years at 2\(\frac{1}{2}\)% annum is N500.00, calculate the total amount due after 6 years at the same rate

A. N2,500.00
B. N2,600.00
C. N4,500.00
D. N4,600.00




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