Post Utme Eksu 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Eksu Commerce examination.

Post Utme Eksu 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2025 • COMMERCE • objective

A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?

Answer Options

A. ₦12,240
Correct Answer B. ₦12,480
C. ₦12,720
D. ₦13,440
Correct Answer
B
Correct Option:
₦12,480

About This Question

This is Post Utme Eksu 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Eksu Commerce examination.

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