Post Utme Igbinedion University 2017 Commerce Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Igbinedion University Commerce examination.
A sole trader, Mr. A, has an annual income of ₦500,000 and expenses of ₦200,000. He also has a business loan of ₦300,000 at an interest rate of 10% per annum. If he wants to save ₦100,000 for a new business venture, how much should he pay as interest on the loan?
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About This Question
This is Post Utme Igbinedion University 2017 Commerce Question 17. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.
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