Post Utme Aaua 2025 Commerce Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Aaua Commerce examination.

Post Utme Aaua 2025 Commerce Objective / Multiple Choice
Question 28 POST_UTME_AAUA • 2025 • COMMERCE • objective

A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?

Answer Options

A. ₦12,240
B. ₦12,480
C. ₦12,720
Correct Answer D. ₦13,440
Correct Answer
D
Correct Option:
₦13,440

About This Question

This is Post Utme Aaua 2025 Commerce Question 28. It is one of the objective questions from the 2025 Post Utme Aaua Commerce examination.

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