Post Utme Madonna University 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A consumer purchases a product for ₦10,000 and pays a deposit of ₦2,000. The remaining balance is paid in 12 equal installments of ₦500 each. What is the total amount paid by the consumer?

Answer Options

A. ₦10,000
B. ₦12,000
C. ₦14,000
Correct Answer D. ₦16,000
Correct Answer
D
Correct Option:
₦16,000

About This Question

This is Post Utme Madonna University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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