Post Utme Bsu 2020 General Studies Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bsu General Studies examination.

Post Utme Bsu 2020 General Studies Objective / Multiple Choice
Question 28 POST_UTME_BSU • 2020 • GENERAL STUDIES • objective

A company is considering investing in a new project in Nigeria. The project requires an initial investment of ₦1.5 billion and is expected to generate a profit of ₦2.5 billion per year for 5 years. What is the payback period of the project?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Bsu 2020 General Studies Question 28. It is one of the objective questions from the 2020 Post Utme Bsu General Studies examination.

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