Post Utme Al Hikmah University 2025 Commerce Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2025 Commerce Objective / Multiple Choice
Question 28 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • COMMERCE • objective

A bank offers a loan to a customer at an interest rate of 10% per annum. The loan is for a period of 5 years. What is the total interest paid by the customer?

Answer Options

A. ₦3125
Correct Answer B. ₦6250
C. ₦9375
D. ₦12500
Correct Answer
B
Correct Option:
₦6250

About This Question

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

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