Post Utme Rhema University 2022 Commerce Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

A bank offers a loan of ₦1,000,000 at an interest rate of 12% per annum. What is the annual interest payable?

Answer Options

Correct Answer A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Rhema University 2022 Commerce Question 14. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.

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