Post Utme Aaua 2019 Commerce Question 25
Practice objective / multiple choice question 25 from the 2019 Post Utme Aaua Commerce examination.
A firm is considering two different banking options to finance its business. Option A involves a loan of ₦500,000 at an interest rate of 10% per annum. Option B involves a loan of ₦750,000 at an interest rate of 8% per annum. If the firm wants to minimize its interest payments, which option should it choose?
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About This Question
This is Post Utme Aaua 2019 Commerce Question 25. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.
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