Post Utme Osustech 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Osustech Commerce examination.

Post Utme Osustech 2025 Commerce Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2025 • COMMERCE • objective

A bank offers a loan of ₦500,000 at an interest rate of 12% per annum. If the loan is repaid after 2 years, what is the total amount paid by the borrower?

Answer Options

A. ₦560,000
B. ₦570,000
Correct Answer C. ₦580,000
D. ₦590,000
Correct Answer
C
Correct Option:
₦580,000

About This Question

This is Post Utme Osustech 2025 Commerce Question 34. It is one of the objective questions from the 2025 Post Utme Osustech Commerce examination.

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