Post Utme Ims U 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Ims U Commerce examination.

Post Utme Ims U 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2025 • COMMERCE • objective

A bank's interest rate is given by the equation ( r = 5 + 0.02A , where r is the interest rate and A is the amount borrowed. If the bank borrows 1000 units, what is the interest rate?

Answer Options

A. 5
B. 6
Correct Answer C. 7
D. 8
Correct Answer
C
Correct Option:
7

About This Question

This is Post Utme Ims U 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Ims U Commerce examination.

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