Post Utme Osustech 2021 Commerce Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Osustech Commerce examination.
A bank offers a credit card with an annual interest rate of 18% and a minimum payment of 2% of the outstanding balance. If the customer has an outstanding balance of ₦50,000 and makes a minimum payment of ₦1,000, how much interest will be charged in the first year?
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About This Question
This is Post Utme Osustech 2021 Commerce Question 7. It is one of the objective questions from the 2021 Post Utme Osustech Commerce examination.
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