Post Utme Nile University 2025 Commerce Question 7
Practice objective / multiple choice question 7 from the 2025 Post Utme Nile University Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for their business. The equipment costs ₦200,000 and is expected to last for 5 years. The sole trader expects to save ₦50,000 per year from the use of the equipment. What is the payback period of the equipment?
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About This Question
This is Post Utme Nile University 2025 Commerce Question 7. It is one of the objective questions from the 2025 Post Utme Nile University Commerce examination.
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