WAEC Agricultural Science 2002 Question 58

A maize farmer obtains a loan of N120,000.00 at an interest rate of 9% to be repaid in one year. Calculate the interest to be paid on the loan

1. A.N10,800.00
2. B.N13,333.00
3. C.N109,200.00
4. D.N1,080,000.00