Post Utme Caleb University 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_CALEB_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader, Mr. A, has a business that generates an average monthly profit of ₦200,000. If he wants to save ₦1,000,000 in 6 months, what rate of interest should he earn on his savings?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Caleb University 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Caleb University Commerce examination.

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