Post Utme Bells University 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Bells University Commerce examination.

Post Utme Bells University 2021 Commerce Objective / Multiple Choice

Question 13 POST_UTME_BELLS_UNIVERSITY • 2021 • COMMERCE • objective

A bank offers a loan of ₦500,000 at an interest rate of 12% per annum. What is the annual interest on the loan?

Answer Options

Correct Answer A. ₦60,000

B. ₦50,000

C. ₦40,000

D. ₦30,000

Correct Answer

Correct Option:

₦60,000

About This Question

This is Post Utme Bells University 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Bells University Commerce examination.

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