Post Utme Ksu 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_KSU • 2018 • COMMERCE • objective

A company has a policy of paying its suppliers within 30 days. If the company has a credit period of 60 days, what is the effective interest rate on the loan?

Answer Options

A. 6%
Correct Answer B. 8%
C. 10%
D. 12%
Correct Answer
B
Correct Option:
8%

About This Question

This is Post Utme Ksu 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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