Post Utme Achievers University 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • COMMERCE • objective

A company has a bank loan of ₦1,000,000 at an interest rate of 10% per annum. What is the interest payable after 1 year?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Achievers University 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Achievers University Commerce examination.

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