Post Utme Futo 2017 Commerce Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Futo Commerce examination.

Post Utme Futo 2017 Commerce Objective / Multiple Choice
Question 33 POST_UTME_FUTO • 2017 • COMMERCE • objective

A bank offers a credit card with an annual interest rate of 20%. If the customer's outstanding balance is ₦10,000, how much interest will be charged in the first year?

Answer Options

A. ₦2,000
B. ₦2,500
Correct Answer C. ₦3,000
D. ₦3,500
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Futo 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Futo Commerce examination.

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