Post Utme Bsu 2025 Commerce Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Bsu Commerce examination.

Post Utme Bsu 2025 Commerce Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2025 • COMMERCE • objective

A bank offers a credit card with a 20% annual interest rate and a 2% annual fee. If a customer has a balance of ₦10,000 and makes a payment of ₦5,000, what is the new balance after one year?

Answer Options

A. ₦15,000
Correct Answer B. ₦12,500
C. ₦11,000
D. ₦10,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Bsu 2025 Commerce Question 17. It is one of the objective questions from the 2025 Post Utme Bsu Commerce examination.

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