Post Utme Osustech 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Osustech Commerce examination.

Post Utme Osustech 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_OSUSTECH • 2018 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an interest rate of 12% per annum. How much will the borrower pay after one year?

Answer Options

Correct Answer A. ₦1,120,000
B. ₦1,100,000
C. ₦1,080,000
D. ₦1,060,000
Correct Answer
A
Correct Option:
₦1,120,000

About This Question

This is Post Utme Osustech 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Osustech Commerce examination.

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