Post Utme Caleb University 2021 Commerce Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2021 Commerce Objective / Multiple Choice
Question 33 POST_UTME_CALEB_UNIVERSITY • 2021 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an interest rate of 10% per annum. What is the total amount to be repaid after 2 years?

Answer Options

A. ₦1,220,000
B. ₦1,240,000
Correct Answer C. ₦1,260,000
D. ₦1,280,000
Correct Answer
C
Correct Option:
₦1,260,000

About This Question

This is Post Utme Caleb University 2021 Commerce Question 33. It is one of the objective questions from the 2021 Post Utme Caleb University Commerce examination.

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