Post Utme Rhema University 2020 Commerce Question 38
Practice objective / multiple choice question 38 from the 2020 Post Utme Rhema University Commerce examination.
A consumer purchases a product for ₦10,000 and pays a deposit of ₦2,000. The balance is paid in 12 equal monthly instalments. If the interest rate is 12% per annum, compounded monthly, what is the total amount paid by the consumer?
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About This Question
This is Post Utme Rhema University 2020 Commerce Question 38. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.
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