Post Utme Oau 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Oau Commerce examination.

Post Utme Oau 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2025 • COMMERCE • objective

A bank offers a loan of ₦100,000 at an interest rate of 10% per annum compounded annually. If the loan is repaid after 5 years, what is the total amount paid by the borrower?

Answer Options

Correct Answer A. ₦163,922
B. ₦164,000
C. ₦164,100
D. ₦164,200
Correct Answer
A
Correct Option:
₦163,922

About This Question

This is Post Utme Oau 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Oau Commerce examination.

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