Post Utme Babcock University 2017 Commerce Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Babcock University Commerce examination.
A bank has a loan of ₦500,000 at an interest rate of 12% per annum compounded annually. If the interest is compounded for 2 years, what is the total amount the borrower must repay?
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About This Question
This is Post Utme Babcock University 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Babcock University Commerce examination.
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