Post Utme Babcock University 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 23 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A bank in Nigeria offers a loan of ₦100,000 at an interest rate of 15% per annum. If the loan is repaid after 5 years, what is the total amount to be repaid?

Answer Options

A. ₦125,000
B. ₦130,000
C. ₦135,000
Correct Answer D. ₦140,000
Correct Answer
D
Correct Option:
₦140,000

About This Question

This is Post Utme Babcock University 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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