Post Utme Ksu 2025 Commerce Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Ksu Commerce examination.

Post Utme Ksu 2025 Commerce Objective / Multiple Choice
Question 33 POST_UTME_KSU • 2025 • COMMERCE • objective

A bank offers a loan to a customer at an interest rate of 12% per annum. The customer repays the loan in equal installments over a period of 5 years. The total interest paid by the customer over the 5-year period is approximately?

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Ksu 2025 Commerce Question 33. It is one of the objective questions from the 2025 Post Utme Ksu Commerce examination.

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