Interest on capital is 10%. The net profit for the year is N60,000. The balance on Halima’s current account on 31st December, 1992 is

Interest on capital is 10%. The net profit for the year is N60,000. The balance on Halima’s current account on 31st December, 1992 is

A N66,500

B N53,300

C N51,500

D N43,500

Answer is D