Post Utme Lautech 2024 Commerce Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Lautech Commerce examination.
A bank is considering two different loan options for its customers. Option A involves a fixed interest rate of 10% and a variable interest rate of 5% per annum. Option B involves a fixed interest rate of 12% and a variable interest rate of 3% per annum. If the customer expects to repay the loan in 5 years, which option is more beneficial?
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About This Question
This is Post Utme Lautech 2024 Commerce Question 24. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.
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