Post Utme Esut 2022 Commerce Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Esut Commerce examination.

Post Utme Esut 2022 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2022 • COMMERCE • objective

A company has a bank loan of ₦2,000,000 at an interest rate of 12% per annum. What is the interest payable after 1 year?

Answer Options

Correct Answer A. ₦240,000
B. ₦240,000
C. ₦240,000
D. ₦240,000
Correct Answer
A
Correct Option:
₦240,000

About This Question

This is Post Utme Esut 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Esut Commerce examination.

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