Post Utme Esut 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Esut Commerce examination.

Post Utme Esut 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2020 • COMMERCE • objective

A consumer has a credit card with a balance of ₦50,000 and an annual interest rate of 20%. What is the total interest paid after one year?

Answer Options

Correct Answer A. ₦10,000
B. ₦12,000
C. ₦15,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Esut 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Esut Commerce examination.

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