Post Utme Noun 2019 Commerce Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Noun Commerce examination.

Post Utme Noun 2019 Commerce Objective / Multiple Choice
Question 9 POST_UTME_NOUN • 2019 • COMMERCE • objective

A bank offers a credit card with a 20% interest rate per annum. If the customer makes a payment of ₦10,000, how much will they owe after 6 months?

Answer Options

A. ₦16,400
Correct Answer B. ₦17,600
C. ₦18,800
D. ₦20,000
Correct Answer
B
Correct Option:
₦17,600

About This Question

This is Post Utme Noun 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Noun Commerce examination.

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