Post Utme Covenant University 2024 Commerce Question 39
Practice objective / multiple choice question 39 from the 2024 Post Utme Covenant University Commerce examination.
A bank offers a loan with an interest rate of 12% per annum compounded annually. If the loan amount is ₦500,000 and the loan is repaid after 5 years, what is the total amount paid by the borrower?
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This is Post Utme Covenant University 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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