Post Utme Oau 2025 Commerce Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Oau Commerce examination.

Post Utme Oau 2025 Commerce Objective / Multiple Choice
Question 27 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

A. ₦163,922
B. ₦164,000
C. ₦164,100
D. ₦164,200
Correct Answer
N/A

About This Question

This is Post Utme Oau 2025 Commerce Question 27. It is one of the objective questions from the 2025 Post Utme Oau Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support