A man wishes to keep his money in a savings deposit at 25% compound interest so that after three years he can buy a car for N150,000. How much does he need to deposit?

a

N112,000.50

b

N96,000.00

c

N85,714.28

d

N76,800.00

Download Offline App Ask a Question

Explanation

Correct Option
d

Video Explanation

Post your Contribution

Share:

Discussions (33)

KelfasAsemota
2 years ago
Image
Image
Image

Lotaboy
12 years ago

Correct

joyceabcd
9 years ago

I disagree option c is the answer.

needu
1 year ago

English, maths

o123s
3 months ago

please can someone explain this to me

fadarichard
1 year ago

I need the explanation in detail please

Prisbeeadins
3 years ago

l dont understand

apkeka
1 year ago

hi

akherefavour
2 years ago

can someone tell me why did myschool change the formula of this particular question; won't it be better if they have solved it according to the schedule

damlaxfund
2 years ago

pls am not really good in math is there a what'sapp group available

akherefavour
2 years ago

Mr Kelfas please explain your solving in details

Nimzyfrowh
1 year ago

please 🙏 I still find it hard to understand is there anywhere you can communicate like WhatsApp group

osaro419
2 years ago

sir how come am seeing 1+25/100 and all of a sudden am seeing 125/100 please explain

confychibzy
4 months ago

I don't understand

Yetty1981
2 years ago

A

Quick Questions

Ask a Question
CO

ceoofwahala

20th June, 2026

Chemistry


2 comments

ASSAAS

20th June, 2026

English Language


5 comments

infinitehoaxx

21st May, 2026

Computer


4 comments