Post Utme Nile University 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Nile University Commerce examination.

Post Utme Nile University 2025 Commerce Objective / Multiple Choice
Question 34 POST_UTME_NILE_UNIVERSITY • 2025 • COMMERCE • objective

A bank provides a loan to a customer at an interest rate of 10% per annum. If the customer borrows ₦100,000 for 5 years, how much will the customer pay in total?

Answer Options

A. ₦125,000
B. ₦130,000
C. ₦135,000
Correct Answer D. ₦140,000
Correct Answer
D
Correct Option:
₦140,000

About This Question

This is Post Utme Nile University 2025 Commerce Question 34. It is one of the objective questions from the 2025 Post Utme Nile University Commerce examination.

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