Post Utme Igbinedion University 2020 Commerce Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2020 Commerce Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • COMMERCE • objective

A bank offers a loan of ₦500,000 at an annual interest rate of 12% compounded quarterly. Calculate the amount that would be repaid after 2 years.

Answer Options

Correct Answer A. ₦562,419.19
B. ₦562,419.20
C. ₦562,419.21
D. ₦562,419.22
Correct Answer
A
Correct Option:
₦562,419.19

About This Question

This is Post Utme Igbinedion University 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.

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