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If N25,000.00 is kept in a bank at the rate of 2% simple interest, how…

If N25,000.00 is kept in a bank at the rate of 2% simple interest, how much will it amount to at the end of 5 years?
  • A.
    N2,500.00
  • B.
    N5,000.00
  • C.
    N12,500.00
  • D.
    N27,500.00
  • E.
    N125,000.00
Correct Answer: Option D
Explanation