Post Utme Futa 2024 Commerce Question 12
Practice objective / multiple choice question 12 from the 2024 Post Utme Futa Commerce examination.
A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000 and the loan is repaid after 3 years, what is the total amount paid by the borrower?
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About This Question
This is Post Utme Futa 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.
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