Post Utme Delsu 2022 Commerce Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Delsu Commerce examination.

Post Utme Delsu 2022 Commerce Objective / Multiple Choice
Question 28 POST_UTME_DELSU • 2022 • COMMERCE • objective

A bank offers a credit card with an annual interest rate of 20% and a minimum payment of 2% of the outstanding balance. If the customer has an outstanding balance of ₦10,000, how much will they pay in interest in the first year?

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Delsu 2022 Commerce Question 28. It is one of the objective questions from the 2022 Post Utme Delsu Commerce examination.

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