Post Utme Rsu 2020 Commerce Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Rsu Commerce examination.
A bank is considering offering a new loan product to its customers. The loan product has a fixed interest rate of 10% per annum and a fixed repayment period of 5 years. If the customer borrows ₦1 million, what is the total interest paid over the 5-year period?
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About This Question
This is Post Utme Rsu 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.
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