Chukwuemeka borrowed ₦200,000 from a commercial bank at a compound interest rate of 10% per annum. If he repays the loan after 2 years, the total amount he will repay is

Using compound interest: $A = P(1 + r)^n = 200,000(1 + 0.10)^2 = 200,000 \times 1.21 = ₦242,000$. Option A (₦240,000) is the simple interest answer ($200,000 \times 10\% \times 2 = ₦40,000$), and Option D (₦220,000) is the amount after only one year, making ₦242,000 the correct compound interest total.