Post Utme Redeemers University 2025 Commerce Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2025 Commerce Objective / Multiple Choice
Question 33 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering a new business venture that would require an initial investment of ₦5,000,000. If the company expects to earn a return on investment (ROI) of 20% per year, and it wants to break even within 3 years, what would be the minimum amount it should earn per year?

Answer Options

A. ₦1,000,000
B. ₦1,500,000
Correct Answer C. ₦2,000,000
D. ₦2,500,000
Correct Answer
C
Correct Option:
₦2,000,000

About This Question

This is Post Utme Redeemers University 2025 Commerce Question 33. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.

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