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A man borrowed 20,000 at a simple interest rate of 10% per annum. If he repays the loan after 2 years, how much interest will he have to pay?a)2,000b)4,000c)3,000d)5,000Correct answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about A man borrowed 20,000 at a simple interest rate of 10% per annum. If he repays the loan after 2 years, how much interest will he have to pay?a)2,000b)4,000c)3,000d)5,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man borrowed 20,000 at a simple interest rate of 10% per annum. If he repays the loan after 2 years, how much interest will he have to pay?a)2,000b)4,000c)3,000d)5,000Correct answer is option 'B'. Can you explain this answer?.

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