Post Utme Delsu 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Delsu Commerce examination.

Post Utme Delsu 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_DELSU • 2025 • COMMERCE • objective

A bank offers a loan of ₦500,000 to a customer at an interest rate of 12% per annum. If the customer repays the loan in 5 years, how much will the customer pay in total?

Answer Options

A. ₦625,000
B. ₦650,000
C. ₦675,000
Correct Answer D. ₦700,000
Correct Answer
D
Correct Option:
₦700,000

About This Question

This is Post Utme Delsu 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Delsu Commerce examination.

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