Mathematics > 2000 > 6
JAMB UTME
A man wishes to keep some money in savings deposit at 25% compound interest so that after 3 years he can buy a car for ₦150,000. How much does he need to deposit now?
A.
₦112 000.50
B.
₦96,000.00
C.
₦85,714.28
D.
₦76,800.00
Answer: D
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