Post Utme Futo 2019 Commerce Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2019 • COMMERCE • objective

A bank has a loan facility of ₦10,000,000 with an interest rate of 12% per annum. If the loan is repaid in 5 years, what is the total interest paid?

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Futo 2019 Commerce Question 24. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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