Post Utme Futo 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Futo Commerce examination.

Post Utme Futo 2024 Commerce Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2024 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an interest rate of 10% per annum. If the loan is repayable in 5 years, what is the total amount to be repaid?

Answer Options

A. ₦1,100,000
B. ₦1,200,000
Correct Answer C. ₦1,300,000
D. ₦1,400,000
Correct Answer
C
Correct Option:
₦1,300,000

About This Question

This is Post Utme Futo 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Futo Commerce examination.

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