Post Utme Futo 2023 Commerce Question 43
Practice objective / multiple choice question 43 from the 2023 Post Utme Futo Commerce examination.
A bank offers a credit card with a 20% annual interest rate and a 2% annual fee. The cardholder makes a payment of ₦10,000 every month. If the cardholder has a balance of ₦50,000, what is the total interest paid over a 12-month period?
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About This Question
This is Post Utme Futo 2023 Commerce Question 43. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.
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