Post Utme Lautech 2024 Commerce Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Lautech Commerce examination.

Post Utme Lautech 2024 Commerce Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2024 • COMMERCE • objective

A bank has a loan portfolio of ₦10 billion, with an average interest rate of 12%. If the bank wants to increase its interest income by 15%, what is the new interest income?

Answer Options

Correct Answer A. ₦1.2 billion
B. ₦1.2 billion
C. ₦1.2 billion
D. ₦1.2 billion
Correct Answer
A
Correct Option:
₦1.2 billion

About This Question

This is Post Utme Lautech 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.

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