Post Utme Christopher University 2024 General Studies Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Christopher University General Studies examination.

Post Utme Christopher University 2024 General Studies Objective / Multiple Choice
Question 5 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • GENERAL STUDIES • objective

A company is considering investing in a new project that requires an initial investment of ₦5 million and is expected to generate a return of ₦2 million per year for 3 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 Christopher University 2024 General Studies Question 5. It is one of the objective questions from the 2024 Post Utme Christopher University General Studies examination.

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