Post Utme Coal City University 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • COMMERCE • objective

A bank is considering lending money to a customer at an interest rate of 10% per annum. If the customer borrows ₦100,000 for 2 years, what is the total interest paid by the customer?

Answer Options

A. ₦20,000
B. ₦21,000
Correct Answer C. ₦22,000
D. ₦23,000
Correct Answer
C
Correct Option:
₦22,000

About This Question

This is Post Utme Coal City University 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Coal City University Commerce examination.

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