Post Utme Caleb University 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_CALEB_UNIVERSITY • 2021 • COMMERCE • objective

A bank offers a credit card with a 20% annual interest rate and a minimum payment of 2% of the outstanding balance. What is the minimum payment if the outstanding balance is ₦10,000?

Answer Options

A. ₦200
Correct Answer B. ₦200.00
C. ₦200.00
D. ₦200.00
Correct Answer
B
Correct Option:
₦200.00

About This Question

This is Post Utme Caleb University 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Caleb University Commerce examination.

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