Post Utme Babcock University 2024 Commerce Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an interest rate of 15% per annum. If the loan is repaid after 5 years, how much will the customer pay in total?

Answer Options

A. ₦1,500,000
B. ₦1,600,000
C. ₦1,700,000
Correct Answer D. ₦1,800,000
Correct Answer
D
Correct Option:
₦1,800,000

About This Question

This is Post Utme Babcock University 2024 Commerce Question 4. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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