Post Utme Lasu 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Lasu Commerce examination.

Post Utme Lasu 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_LASU • 2024 • COMMERCE • objective

A bank offers a credit card with a 20% interest rate and a 2% annual fee. The credit card has a credit limit of ₦100,000. What is the minimum amount that the consumer must pay each month to avoid incurring interest charges?

Answer Options

A. ₦2,000
Correct Answer B. ₦2,500
C. ₦3,000
D. ₦3,500
Correct Answer
B
Correct Option:
₦2,500

About This Question

This is Post Utme Lasu 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Lasu Commerce examination.

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