Post Utme Al Hikmah University 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 5 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • COMMERCE • objective

A company has a debt of ₦500,000, which is due for repayment in 5 years. If the company wants to repay the debt in equal installments, what is the amount of each installment?

Answer Options

A. ₦100,000
B. ₦80,000
C. ₦60,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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