Post Utme Rhema University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2020 • COMMERCE • objective

A company is considering a new business venture that requires an initial investment of ₦500,000. The company expects to generate a profit of ₦200,000 in the first year, ₦250,000 in the second year, and ₦300,000 in the third year. What is the company's expected return on investment (ROI) for the first three years?

Answer Options

A. 20%
B. 25%
Correct Answer C. 30%
D. 35%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Rhema University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support